Vietnam is drafting an Investment Support Fund to attract more foreign investment. However, Intel has expressed dissatisfaction with the administrative processes, calling for the Vietnamese government to simplify and streamline the process
Amidst the surge in demand for data centers, Singapore unveiled its Green Data Center Roadmap in May to promote sustainable practices in the industry. This ambitious plan aims to increase data center capacity by 300 megawatts (MW) in the near term while enhancing energy efficiency and reducing environmental impact
Honda Motor Co. will consolidate its two car plants in Thailand by 2025 to deal with overcapacity and focus resources on electrification as battery electric vehicles gain popularity in the Southeast Asian nation with Chinese automakers entering the market
Samsung Electronics Chairman Lee Jae-yong recently met with Vietnamese Prime Minister Pham Minh Chinh, discussing plans to expand investments in Vietnam
To enhance corporate investment momentum in Taiwan and address talent shortages, Taiwan's National Development Council (NDC) said it is considering a system similar to Japan's "J-Skip" program, which allows those with a master's degree or higher, or advanced skills and a certain income level, to apply for permanent residency after just one year
As a global leader in ICT manufacturing, Hon Hai (Foxconn) has become a bellwether of relocation trends in the manufacturing industry, as its customers increasingly demand "China+1" and "Taiwan+1" production
Vietnam's cautious approach to offering investment incentives may have cost the country billions of dollars in potential economic benefits and development. According to reports from Reuters and Vietnamnet, citing an official document from Vietnam's Ministry of Planning and Investment, major tech companies like Intel and LG Chem bypassed Vietnam for their multi-billion dollar projects due to insufficient investment incentives
Vietnam's Prime Minister Pham Minh Chinh recently visited South Korea from June 30 to July 3 to strengthen bilaterial ties and meet with key industry leaders
As the global supply chain undergoes restructuring, Malaysia and Singapore have emerged as attractive destinations for semiconductor companies seeking to establish manufacturing operations in Southeast Asia (SEA). Both countries have implemented their own strategies to capitalize on this opportunity, leveraging their respective strengths to enhance their value within the semiconductor industry chain
At the urging of customers and incentives provided by countries vying for domestic semiconductor production, leading companies in the Taiwanese semiconductor supply chain have accelerated their establishment of overseas production sites over the past two years
In July 2022, Thailand unveiled its national AI strategy and action plan, outlining the government's roadmap through 2027 to enhance its AI infrastructure and spur economic growth by harnessing emerging technologies. A significant focus of the strategy is on AI talent development, aiming to create over 30,000 AI professionals within six years and increase the number of public and private agencies utilizing AI to at least 600
Southeast Asian countries are pulling out all the stops to attract semiconductor companies to set up factories in their regions. Malaysia, already a stronghold for packaging and testing, is now aiming to move into IC design. Singapore emphasizes its talent pool and connectivity, gaining favor with multinational corporations
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including a dearth of venture capital. This March, they did what scores of other Chinese AI firms have done and moved their company, Tabcut, 2,500 miles southwest to Singapore
