Search Results for: semiconductors

  • Business News

    US imposes major tariffs on Chinese EVs and semiconductors

    The United States recently imposed substantial tariffs on Chinese products, focusing particularly on electric vehicles (EVs) and semiconductors. This move is expected to push China to expand its EV manufacturing within Asia, with Thailand emerging as a significant export hub, according to the Federation of Thai Industries (FTI). President Joe Biden’s administration cited Beijing’s unfair trade practices as the reason for…

  • Business News

    Thailand to boost computer chip investments for EV industry growth

    Thailand is poised to ramp up its investments in computer chips, aligning with the state’s strategy to establish a national semiconductor board, in a bid to bolster the burgeoning electric vehicle (EV) industry. According to the Secretary-General of the Board of Investment (BOI), Narit Therdsteerasukdi, as domestic EV manufacturing gains traction due to increased foreign investment, the development of related…

  • Business News

    Thailand boosts chip investment to power electric vehicle industry

    The Board of Investment (BoI) is set to ramp up investments in computer chips to bolster the burgeoning electric vehicle (EV) industry in Thailand. This initiative aligns with the state’s strategy to establish a national semiconductor board. As domestic EV manufacturing gains traction, driven by increased foreign investment, the development of related industries becomes crucial, stated Narit Therdsteerasukdi, secretary-general of…

  • Thailand News

    Thailand’s tech exports face threats as Vietnam takes lead

    Thailand’s export sector, which contributed 54.5% of GDP last year excluding services, faces potential disruption due to rapid technological advancements. Vietnam has surpassed Thailand in exporting high-tech products, emerging as a key production base for the downstream electronics industry. The global market’s recovery, particularly in computers, semiconductors, and smartphones, has driven this demand. Thailand mainly exports intermediate electronics products like…

  • Business News

    Maybank drops Thailand’s GDP growth forecast amid export and manufacturing slump

    Maybank IBG Research has revised downwards its GDP growth forecast for Thailand, for both the current year and 2025. The downgraded estimates are due to a combination of factors, including a faltering export outlook, a deepening manufacturing slump, an uneven recovery in tourism, and limited chances of interest rate cuts by the Bank of Thailand this year. For this year,…

  • Thailand News

    US carrier strike group returns to Thailand after three-year hiatus

    After a three-year gap, the US carrier strike group marked its return to Thailand yesterday, as it anchored at Laem Chabang for a routine port visit. The group, led by its flagship, the USS Theodore Roosevelt, last visited the Southeast Asian nation in 2018. Along with the flagship, Carrier Air Wing 11 also made its appearance. Accompanying the flagship and Carrier…

  • Economy News

    Sony sparks economic surge with billion-baht investment in Thailand

    Sony Semiconductor Solutions today declared a billion-baht investment in Thailand to boost the nation’s stuttering economy. The announcement, which came to light on Saturday, March 30, revealed an investment surpassing 2.57 billion baht for the construction of a manufacturing factory. The manufacturing site is slated for completion by March 2025. According to reports, it will be tasked with the production…

  • Business News

    Thailand’s BoI plans more foreign semiconductor investment

    The Board of Investment (BoI) of Thailand has expressed an interest in attracting further foreign investment for the production of advanced semiconductors this year. This move comes as numerous businesses from China and Taiwan are looking to expand their investments in Thailand, particularly for printed circuit boards, to circumvent geopolitical risk, said Wirat Tatsaringkansakul, the BoI Deputy Secretary-General. “Companies will…

  • Thailand News

    US pledges boost in semiconductor investment for Thailand

    To ramp up global semiconductor production, US Commerce Secretary Gina Raimondo promised investment in Thailand’s manufacturing sector. Raimondo, speaking at an event in Bangkok hosted by the American Chamber of Commerce, asserted that Thailand stood to benefit significantly from increased US investment in semiconductor production, stating that American firms were poised to supercharge their investments in the nation. Highlighting the…

  • Business News

    US plans to reinstate GSP scheme for Thailand, to help trade relations

    The United States signalled its intent to reinstate the Generalised System of Preferences (GSP) scheme for Thailand, as disclosed by Thailand’s Commerce Minister, Phumtham Wechayachai. This development comes after the scheme expired in 2020. Phumtham’s statement emerged following a strategic dialogue with US Secretary of Commerce Gina Raimondo and a representative from the President’s Export Council. The dialogue served as…

  • Business News

    BMW to establish first SE Asian EV battery factory in Thailand

    BMW Group Thailand revealed plans to establish an electric vehicle (EV) battery factory in the country this year. This move is in response to China’s escalating EV investment and supply chains in Thailand. The factory, to be positioned in Rayong, will bolster the firm’s sales of battery EVs and plug-in hybrid EVs. The company’s president and CEO, Alexander Baraka, revealed…

  • Business News

    Thailand seeks German investment in electric vehicle industry

    Deputy Prime Minister Parnpree Bahiddha-Nukara announced on a recent official trip to Germany, the Thai government’s intention to attract German automobile manufacturers to invest in Thailand’s burgeoning electric vehicle (EV) industry. This initiative is part of the broader plans for Prime Minister Srettha Thavisin’s official visit to Germany next month. The deputy prime minister, who also serves as the foreign…

  • Business News

    South Korea’s advanced tech industries endorsed by international alliances

    South Korea, poised to become the world’s epicentre for advanced technology industries, received a vigorous endorsement from international alliances eager to accelerate its economic growth and competitiveness. The nation also committed to bolstering cooperation with its ASEAN partners to promote trade and investment. Specifically, South Korea showcased interest in the automobile sector within Thailand’s Eastern Economic Corridor (EEC) in Rayong…

  • Business News

    Thailand’s export hopes bloom in Q4, aiming to paint a brighter 2023 picture

    The Ministry of Commerce in Thailand anticipates an uptick in the country’s exports for the last quarter of the year, potentially mitigating the projected contraction for 2023. This encouraging forecast is attributed to several factors, including a partnership between the government and private sector to boost export activities and address associated challenges, drought-induced spikes in agricultural and food product imports,…

  • Business News

    Trade war triggers fear of new EV chip shortage from China export limit

    Leading authorities in the industry fear another chip shortage could soon hit electric vehicle (EV) manufacturers. This comes as China limits the export of two significant metals, a move driven by the ongoing trade dispute between Washington and Beijing, as reported by the Federation of Thai Industries (FTI). As of August 1, China will impose trade restrictions on select products…

  • Business News

    China’s exports shrink, imports fall amid weak global demand

    Chinese exports experienced a sharper decline than anticipated in May, while imports also fell, reflecting weak international demand and sluggish domestic consumption. In May, exports from the world’s second-largest economy dropped 7.5% year-on-year, the largest decrease since January, compared to 8.5% growth in April. Imports shrank by 4.5%, a slower rate than the 7.9% decline in the previous month. The…

  • Politics News

    China bans US Micron chips, escalating global chip industry risks

    China’s recent ban on certain sectors using chips from United States-based Micron Technology has highlighted the potential risks faced by the global chip industry amidst rising Sino-US trade tensions. The move against Micron, the largest US memory chipmaker, is widely perceived as retaliation for Washington’s attempts to limit Beijing’s access to crucial technology. This comes as the Group of Seven…

  • Business News

    China cybersecurity watchdog fails Micron, urges halt on chip purchases

    China’s cybersecurity watchdog has announced that US semiconductor company Micron failed its national security review, urging operators of “critical information infrastructure” to cease purchasing its products. This marks a new development in the ongoing chip dispute between the US and China, with the US seeking to limit Beijing’s access to advanced semiconductors. In March, Chinese authorities initiated a review of…

  • World News

    Thailand chips away at US trade deficit with 62% increase in chip market exports

    The United States has been experiencing a growing deficit in its chipmaking trade with Asia, but the good news is that Thailand is helping to chip away at that gap. According to US Census data, US imports of chips grew 17% from last year to US$4.86 billion in February, with Asia accounting for 83% of that total. Over the past…

  • Thailand video news

    British man claims he was tortured by Thai police | Thailand News Today

    British man claims he was tortured by Thai police A British man claims he was tortured by Thai police for seven days straight in Phuket, southern Thailand when his holiday abroad went gravely wrong. British authorities have launched an investigation into the alleged abuse. He allegedly sustained broken ribs, bruised limbs, septic infections, swollen wrists, and lost four teeth in…

  • Economy News

    Electric vehicles to hit the accelerator this year, says FTI

    The Federation of Thai Industries (FTI) predicts a bold future for Thailand’s electric vehicle (EV) industry, unlike the International Monetary Fund which believes the kingdom is heading for a recession. The FTI reckons the EV industry will hit the accelerator this year and sell between 25,000, to 35,000 cars, reports Bangkok Post. But, to achieve that target the EV industry…

  • Technology News

    Superpowers fight for supercomputer supremacy

    Sanctions designed to cripple China’s chipmakers are the US weapon of choice, as skirmishes begin in the superpowers’ fight for supercomputer supremacy. The current most-favoured US target for fear, hatred and sanctions – China’s semiconductor industry – has good reason to worry about the world’s policeman, now turned world’s store detective. The US will do almost anything to keep its…

  • Technology News

    NFQ Asia works to upskill software engineering talent in Asia

    Press Release As we transition into a post-pandemic recovery economy, global shortages for essential goods persist, including computer microchips, semiconductors, and fibre optic cables, accentuating the disruption in the supply chain that has occurred as a result of manufacturing suspension during the COVID years. This is inflated by the decade-long efforts of companies to downsize their inventories. Although these shortages…

  • Thailand News

    Thailand News Today | New traffic rule to affect entire country

      Prime Minister Prayut Chan-o-cha warned Thailand to brace itself for another deluge of water this month. The 68 year old PM ordered governors in provincial areas to prepare for potential flooding after weather forecasters predicted more heavy rainfall until the end of the month. Thailand witnessed a heavy taste of what is to come over the past 24 hours…

  • Thailand video news

    Thailand News Today | Poll says 64% Thais had enough with PM Prayut

      A new poll from the National Institute of Development Administration (or NIDA) showed that the majority of people want PM Prayut Chan-o-cha to finish his role as prime minister at the end of his eight year term on August 24. There have been different interpretations of the current constitution and whether the prime minister is eligible to continue his…

  • Technology News

    China-Taiwan-US spat threatens Thailand’s car industry

    Thailand is bracing itself for an economic setback as China threatens to ban the export of raw materials to Taiwan needed for the kingdom’s motor industry. The Federation of Thai Industries (FTI) yesterday said it fears China will deny Taiwan the raw materials needed to make semiconductors that the Thai automobile industry is dependent on. The FTI made it known…

  • World News

    Chinese military excercises spook shipping vessels at Taiwan port

    As tensions escalate with China exerting authority over Taiwan, many shipping vessels are going out of their way to avoid Kaohsiung port in the south of Taiwan, fearing for their safety. Chinese military ships are running drills and exercises just 15 nautical miles from the vital shipping port, making shippers worry about possibly being hit by Chinese missiles. Almost half…

  • World News

    Thailand’s vehicle exports affected by world chip shortage, Russia-Ukraine conflict

    The Automotive Industry Club have reported a decline in Thailand car production for January, citing the Russia-Ukraine conflict and a global shortage of semiconductors (microchips). Last month’s car production reached around 151,700 vehicles nationwide, a 2.45% increase year-on-year, but a 1.7% decline since last December, according to AIC spokesperson Surapong Pisitpattanapong. About 74,700 of the vehicles were produced for the…

  • World News

    Asia News Today | Asian stocks sink over Russian incursion, China ramps up microchip production

    Russian President Vladimir Putin has formally recognised two breakaway regions in eastern Ukraine as independent. He’s used this diplomatic word-play as a reason to order the Russian army to launch a so-called peacekeeping mission into the area. His actions are a significant ramping up of diplomatic tensions in the ongoing Russian/Ukraine crisis.The president has ordered his defence officials to deploy…

  • Transport News

    New variant casts shadow over Thailand Motor Expo, concerns outbreak could affect the industry

    The uncertainty of the newly identified Covid-19 variant Omicron looms over today’s opening of the Thailand International Motor Expo as firms promote their new electric vehicle options. Many of the manufacturers at the exhibition worry that the new variant may force countries to return to lockdowns or take other measures that will hurt business as the global economy and Thai…