News
Southeast Asia’s smartphone market hits nine-year low in Q2
Global economic slowdown hits export-oriented Vietnam hard
Southeast Asia’s smartphone market hits nine-year low in Q2
Global economic slowdown hits export-oriented Vietnam hard
China’s manufacturing PMI rises to six-month high in August
New orders from abroad continued to lag.
SG medical device market to generate a CAGR of 7.4% from 2022-2027
The market will reach $1.4b (USD1.1b) by 2027.
India’s computer market slumps for fourth quarter in a row: IDC
Despite yearly decline, Q2 orders improved dramatically compared to Q1.
Local car makers drive surge in Indian EV market
The country targets 30% EV market share by 2030.
China’s manufacturing activity shrinks in July
Firms were positive demand will pick up in the coming year.
ASEAN factory activity slows for three months in a row
Business confidence among manufacturers hit a three-year low.
Taiwan chipmaker UMC’s 2023 outlook trimmed on L-shaped rebound
Rapid-growing tech trends like AI and electric cars to help lift chip demand.
Biz confidence among Korean manufacturers worsens for first time in five months
Firms are also likely to be less optimistic next month.
Prospects for TSMC still positive despite 10% revenue drop in Q2: analyst
The firm will continue to benefit from robust demand for chips in the years to come.
Outlook still positive for China’s semiconductor sector with shift to mature processes
SMIC will likely have to delay expansion plans in its Beijing and Shanghai fabs.
Component players to lead China’s industrial automation in Q2
Robotics may catch up in H2, UOB said.
TSMC ‘lacklustre’ in meeting green energy goals: Greenpeace
Since committing to 100% renewable energy usage by 2050 in 2020, the chipmaker has increased green power use by just 2.8%.
APAC businesses play catch up in AI adoption
Three-quarters of APAC businesses are committed boost AI spending, even though only 8% have actually implemented industrialised AI in their operations to date.
Confidence among Japan’s big manufacturers improve for first time in nearly two years
Last quarter’s improvement snapped the five consecutive quarters of declining optimism among the large firms.
China’s factory activity slows in June, manufacturers less optimistic: survey
Sluggish global economy dampens new orders for the country widely known as the world’s factory.
ASEAN manufacturing PMI slows further in June: S&P
Thailand continued to lead the pack while manufacturing conditions in Malaysia and Vietnam deteriorated further.
