The Indian government expects massive adoption of electric vehicles in the country over the next decade. According to NITI Aayog, the country's top think tank, EV sales penetration could reach 70% for commercial cars, 30% for private cars, 40% for buses, and 80% for two- and three-wheelers by 2030.
Dixon Technologies is buying a manufacturing unit from telecom operator Bharti, whose share in the fixed-line broadband market recenly slipped from second to third place in India.
China's Geely Automobile Holdings is reportedly mulling in-house development and production of chipsets for its own vehicles as it has newly expanded its registered businesses to include IC chips manufacturing as well EV battery and electrical motor production, according to industry sources.
China's National Semiconductor Industry Investment Fund (aka the Big Fund) continues to pour money into China's domestic fab toolmakers, looking to rev up the development of China's homegrown semiconductor equipment sector.
Smartphone sales in the China market slipped 5.4% sequentially to 20.81 million units in September 2021, with non-Chinese brands accounting for less than 6% of the sales, indicating iPhone 13 series launched in mid-September had yet to show notable sales momentum in the market.
Vietnam expects digital economy to reach 20% of GDP by 2025 and 30% by 2030, prime minister Pham Minh Chinh said at the Digital World 2021 exhibition, cohosted by the government of Vietnam and International Telecommunication Union (ITU), according to Vietnamese-language news outlet Youth Newspaper.
It has been nearly three years since the US-China trade war pushed the electronics supply chain toward Southeast Asia. In addition to the movement of large assembly and installation manufacturers to Southeast Asia, whether or not other component manufacturers would follow has also been a top of discussion.
China-based display panel makers Visionox Technology, BOE Technology and China Star Optoelectronics Technology (CSOT) have seen considerable achievements in producing and receiving orders for OLED panels, closing in on LG Display and Samsung Display, according to industry sources.
India is striving to woo PC vendors and ODMs to set up production lines in the South Asian country, and its latest incentive is to give priority supply right for up to 50% of its PC procurement projects to "Make in India" manufacturers, according to industry sources.
The largest China-based lithium battery maker Contemporary Amperex Technology (CATL) has reportedly planned to set up a battery factory in the US, but the company will face challenges, according to industry sources.
The number of deals in Southeast Asia tech startup scene in the first half of this year hit a record high, according to Cento Ventures, a Singaporean venture capital.
As a co-inventor of the technology that powers hundreds of millions of units of Kindle and an inductee of the National Inventor Hall of Fame in America, Barrett Comiskey, founder and CEO of Migo, could have retired young and enjoyed a comfortable life after selling E-Ink, his first company. However, it did not take long for him to embark on another innovation journey to solve the same problem that Google Loon and low-earth orbit satellite companies are trying to solve.
In a world where "money is cheap," unicorns, the companies with a valuation of more than $1 billion, are born in an accelerated mode during the COVID-19 pandemic era.
