Tech in Asia

After qualification testing in June, Kaynes plans to ship the first batch of chips to US-based Alpha Omega Semiconductor.

Nio's new Onvo president, Shen Fei, previously led the company's energy business since 2015.

CaaStle is facing severe liquidity issues and is considering liquidation, a wind-down, or a strategic transaction.

In a message to colleagues, Pineau noted, "It is time to create space for others to pursue the work."

The partnership with Roblox will enhance Rewarded Video and other immersive ad formats.

The funding will support DeCharge’s expansion in the US, Europe, the Middle East, and emerging markets.

UMC holds a 4.7% share of the global pure-play wafer foundry market, while GlobalFoundries has 4.6%.

Zomato's AI platform, Nugget, improving resolution times by 20% and response times by 75%.

This initiative follows a failed attempt in 2023 to pass a similar bill.

Metaplanet plans to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

Creators like Gianna Christine (2.7 million followers) are diversifying their presence on platforms like Snapchat, YouTube.

Dr. Hung Bui, VinAI founder and CEO, joins Qualcomm with expertise in AI, machine learning, computer vision, and NLP.

Spinny reduced its net loss by 28% to 590 crore rupee (US$69.03 million) in FY24.

While the logistics sector continues to grapple with a price war, the ecommerce enabler industry is expanding significantly.

TVS Motor stated it divested its stake in Ion Mobility, but didn’t specify the buyer or if prior investments are written off.

This decision follows a July 2024 finding that the model restricts user choice in ad personalization.

The facility will focus on 22nm and 28nm processes for smartphones, IoT, and AI.

The company plans to build a network of 10 to 15 stations across the country.

The VC focuses on early-stage investments in manufacturing, transportation, and defense technology.

More: A look at Vietnam's evolving fintech scene and Indian delivery startup Pluckk's US$10 million round.