TSMC to Invest in 3-Nanometre Chip Production Plant in Japan
Taiwan Semiconductor Manufacturing Company (TSMC) plans to mass-produce advanced 3-nanometre chips in Kumamoto, southern Japan, with an investment of $17 billion, the Yomiuri newspaper reported on Thursday. According to Yomiuri reports, TSMC has decided to build 3nm production capacity at its second Kumamoto plant and has informed the Japanese government
Top Fintech Companies in India: Driving Growth & Change
India’s Fintech industry has transformed its financial landscape over the past decade and continues to do so. The country has established itself as a global leader in digital finance, supported by rapid innovation, a strong regulatory framework, and widespread consumer adoption. Fintech companies in India have bridged the long-standing gap
Why Are My Alarms So Quiet, and How Do I Fix the Issue?
We all know the feeling of: you’re going to get a good night’s rest as you have to get up early in the morning but the thought of not ringing your alarm may disturb your sleep. It’s frustrating to rely on your alarm that is not ringing properly or the
Vingroup Signs MoU With Telangana to Establish Ecosystem
Vietnam’s largest conglomerate, Vingroup, signed a memorandum of understanding with Telangana’s state government on Tuesday. The Vietnam-based company wants to establish a $3 billion multi-sector ecosystem in the southern Indian state. The multi-sector ecosystem includes urban development, electric mobility, healthcare, education, tourism, and renewable energy across 2,500 hectares (6,177 acres).
Another 10,000 Employees Could Face Layoffs at UBS by 2027
Swiss Bank giant UBS may cut an additional 10,000 jobs globally by 2027, according to reports by Swiss Newspaper SonntagsBlick. The potential layoffs come as part of UBS’s long-term integration plan following its acquisition of rival Credit Suisse in 2023. While UBS has not officially confirmed the number, the bank
Intel Invests $208 Million in Malaysian Semiconductor Hub
Intel CEO Lip-Bu Tan made a significant visit to Malaysia on December 1, meeting with Prime Minister Datuk Seri Anwar Ibrahim and Minister Gobind Singh Deo. The occasion coincided with Intel’s announcement of an additional RM860 million (US$208 million) investment to enhance its assembly and testing operations in the country.
China’s Travel Warning Hits Japan’s Tourism and Economy Hard
Within days of China advising its citizens against travelling to Japan amid a diplomatic dispute, Tokyo-based tour operator East Japan International Travel Service reported an 80% decline in bookings for the rest of the year. The small firm, specialising in group tours mostly for Chinese clients, faces severe repercussions from
Indonesia’s 6.7GW Coal Phase-Out Plan Faces Funding Crisis
Indonesia’s ambitious plan to retire 6.7 gigawatts of coal-fired power capacity by 2030 faces significant hurdles due to the lack of funding from wealthy nations, according to the country’s top official overseeing the initiative. A coalition of ten donor countries, known as the Just Energy Transition Partnership (JETP), pledged in
Xpeng to Launch Robotaxis and Humanoids with AI Chips
Chinese electric vehicle manufacturer Xpeng has announced plans to launch robotaxis in 2024, marking a notable shift from its previous stance that questioned the viability of such a business in the near future. During its “AI Day,” Xpeng revealed that it will introduce three autonomous taxi models equipped with four
China Services Activity Hits 3-Month Low in October
According to a private survey released on Wednesday, Chinese service activity appears to slow down over the next three months, as a decline in overseas orders is offset by improved domestic demand. Recent data shows a slowdown in growth. The RatingDog China General Services PMI, compiled by S&P Global, decreased
