South Korea will seek to create a “future response fund” financed by the tax windfall from its semiconductor boom, Yonhap reported. The proceeds would flow into AI, advanced manufacturing, and other long-term growth engines. Presidential chief of staff Kang Hoon-sik said the fund would turn the extra tax revenue into investment resources for future generations. The government […]
Hon Hai, the Taiwanese contract manufacturing giant known as Foxconn, has reported a bigger-than-expected 40% jump in quarterly sales on demand for AI servers. The Nvidia supplier said in a statement on Sunday that AI rack shipments should maintain their momentum this quarter. June revenue alone reached NT$1.33tn (roughly $45bn), up 21.6% year on year. The company added […]
Micron Technology broke ground on Saturday on a ¥1.5 trillion, roughly $9.3bn, expansion of its factory in Hiroshima, western Japan, the company’s latest bet on the AI memory boom that has already pushed its market value past $1 trillion. The Boise, Idaho based chipmaker will use the site to produce high-bandwidth memory, the stacked DRAM […]
Microsoft has joined a consortium led by Singapore-based Lightstorm to build a new subsea cable connecting India with Singapore and Malaysia, the companies announced on Thursday. T he I-2SEA system will run 3,600 kilometres and is intended to support the AI, cloud and hyperscale workloads that have made India one of the world’s most contested data […]
Taiwanese court has ordered the detention of two Super Micro employees as part of a widening investigation into whether AI servers built with Nvidia chips were illegally routed to China. The Keelung District Court detained the pair, identified in Taiwanese press as managers surnamed Wang and Lin, on the night of June 30 into July […]
Samsung Group has put a number on its next decade of domestic manufacturing: 140 trillion won, or roughly $90 billion, spread across displays, memory chips, batteries and chip-packaging materials in South Korea’s central Chungcheong provinces. Samsung Display chief executive Yi Chung laid out the breakdown on Thursday at an event in Asan hosted by President […]
DeepSeek lit China’s AI price war by making tokens absurdly cheap. Now it is doing something no rival has dared: charging more when demand runs high. The Chinese startup has told API customers it will double the price of its V4 models during busy hours, according to the South China Morning Post, which saw the […]
CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one of the first strategic signals from Tan Teck Long, who took over as group chief executive on 1 January 2026. Tan succeeded Helen Wong, who retired at […]
South Korea’s competition regulator has accused Google of abusing its dominant position in the Android app market, and signalled it will recommend corrective measures and a financial penalty. The Korea Fair Trade Commission said on Wednesday that its Market Surveillance Bureau found conduct affecting 14.16 trillion won, or roughly $9.1bn, in relevant revenue, according to Reuters. […]
Asia’s factories grew again in June, and the global scramble for AI hardware is doing much of the lifting, according to survey data published this week. Brisk demand for chips, servers, and data-centre equipment kept order books full even as the Iran war pushed up energy costs and lengthened shipping times across the region. The […]
