Over the past decade, Singapore has become a destination of choice for enterprise tech.
Multinational companies find Singapore attractive because of great government initiatives and access to regional business opportunities.
US-based ServiceNow and AvePoint have seen the benefits of expanding to Singapore.

NEXT REVOLUTION: The plan would ensure that Taiwan controls key technologies to design advanced chips, the National Science and Technology Council said yesterday.

The Executive Yuan yesterday approved a plan to spend NT$300 billion (US$9.27 billion) in the next 10 years to fund innovations that would combine the use of generative artificial intelligence (AI) systems and chips.

The “Chip-driven Taiwan Industrial Innovation Plan” was briefed to Cabinet members by the National Science and Technology Council and approved at the weekly Cabinet meeting.

November 1, 2023, Shanghai, China - JCET Group (600584. SH), a leading global provider of IC back-end manufacturing and technical services, is proud to announce that its holding company, JCET Automotive Electronics (Shanghai) Co., Ltd. is set to receive a capital increase of RMB 4.4 billion, resulting in a registered capital of RMB 4.8 billion. The investment is aimed at accelerating the construction of advanced packaging facility for automotive chip products in the Lingang Special Area of Shanghai. This initiative underscores JCET’s support for both domestic and international clients, as well as industry partners, in creating a comprehensive chip product supply chain tailored for electronic and intelligent new energy vehicles.

Powerchip Semiconductor Manufacturing Co., Ltd. (PSMC), SBI Holdings, Inc., Japan's Miyagi Prefecture and JSMC signed the Memorandum of Understanding (MOU, The MOU is based on the premise of receiving subsidy from Japanese government) on the 31st, confirming that JSMC's first fab will be selected in Japan. The Second Northern Sendai Central Industrial Park in Ohira Village, Kurokawa District, Miyagi Prefecture (Second Northern Sendai Central Industrial Park) is the planned site.

China’s Contemporary Amperex Technology (CATL), the world’s largest battery supplier by capacity, has opened a new battery production phase claimed to be capable of manufacturing one cell per second.

CATL, a major battery supplier to brands like Tesla, Mercedes-Benz, BMW, and many others, was able to achieve this blistering pace thanks to a highly automated production line at its power and energy storage base in Guian New District in China’s southwestern Guizhou province, the company said in a press release.

St. Petersburg, Fla. – October 30, 2023 – Jabil Inc. (NYSE: JBL), a global leader in design, manufacturing, and supply chain solutions, today announced it will take over the manufacture and sale of Intel’s current Silicon Photonics-based pluggable optical transceiver (“module”) product lines and the development of future generations of such modules.

"This deal better positions Jabil to cater to the needs of our valued customers in the data center industry, including hyperscale, next-wave clouds, and AI cloud data centers. These complex environments present unique challenges, and we are committed to tackling them head-on and delivering innovative solutions to support the evolving demands of the data center ecosystem," stated Matt Crowley, Senior Vice President of Cloud and Enterprise Infrastructure at Jabil. "This deal enables Jabil to expand its presence in the data center value chain."

Silicon wafer supplier GlobalWafers Co (環球晶圓) has independently developed the technology to produce high-quality 8-inch silicon carbide (SiC) wafers and expects to begin small-scale production by the fourth quarter next year, GlobalWafers chairwoman Doris Hsu (徐秀蘭) said yesterday.

Western Digital has abruptly walked out of merger talks with Kioxia, shattering Bain Capital’s ambitions to create a US-Japan memory-chip champion, according to three people with direct knowledge of the negotiations.

The talks collapsed after South Korean chipmaker SK Hynix, which has a significant indirect stake in Kioxia, declared its opposition to the deal amid concerns the combined entity could challenge its position in the Nand memory sector. Analysts said the merged entity’s market share would be double that of SK Hynix.

BEIJING, Oct 26 (Reuters) - China’s Chongqing, a sprawling southewestern municipality, is setting up a fund worth 30 billion yuan ($4.10 billion) for projects including for new energy vehicles and semiconductors, Shanghai Securities News reported on Thursday.

The fund will aim to increase investments and attract venture capital institutions to speed up the development of a major industrial hub, according to the report.

Munich, Germany, and Ottawa, Canada – 24 October 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the closing of the acquisition of GaN Systems Inc. (“GaN Systems”). The Ottawa-based company brings with it a broad portfolio of gallium nitride (GaN)-based power conversion solutions and leading-edge application know-how. All required regulatory clearances have been obtained and GaN Systems has become part of Infineon effective as of the closing.