Foxconn chairman Young Liu has met up with Indonesian president Joko Widodo to discuss its investment projects in Indonesia, including making EV battery and building smart city infrastructures, according to multiple media sources and Foxconn's official statement.
Tech startups are reportedly laying off workers as global economic uncertainties loom. Meanwhile Malaysia is seeking more investment to upgrade its semiconductor prodution and Thailand has seen car production fall sharply this year due to persistent chip crunch.
Indonesia's Ministry of Communication and Information (Kominfo) said it has granted the anchoring rights of Starlink's satellite exclusively to local telecommunication operator Telkom Satelit Indonesia (Telkomsat), according to Voice of Indonesia.
DB Hitek, one of South Korea's leading foundry chipmakers, will build a next-generation power MOSFET production line at its 8-inch semiconductor fab in the Chungcheongbuk province, with a goal to supply 1200V SiC MOSFET for automotive applications by 2025.
Speculation has been circulating in China's chipmaking sector that NXP Semiconductors is about to cease its Advanced Power Systems (APS) R&D operations in China. The move could indicate another international IC IDM vendor pulling out its R&D team in the country.
GlobalFoundries has kicked off equipment move-in at the foundry's new facility on its Singapore campus, with the first tool - a market-leading etch tool made by Lam Research - moved into the facility cleanroom, according to the company.
China-based glass cover maker Lens Technology, a supplier of Apple, has formed strategic partnerships with more than 20 automakers around the world, as it looks to diversify its business beyond mobile phone displays, according to the company.