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UNBELIEVABLE: 21 | History Defined

Byju’s seeks more time from lenders to recast $1.2 billion debt

BENGALURU: Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter.

The Times of India

North America vows to strengthen economic ties, Mexico energy row rumbles on

The United States, Mexico and Canada on Tuesday vowed to tighten economic ties, producing more goods regionally and boosting semiconductor output, even as integration is hampered by an ongoing dispute over Mexico's nationalist energy policies.

Reuters

TCS to hire over 1.25 lakh in FY24 after reporting quarterly decline in staff

MUMBAI: In a multi-year first, the country's largest software exporter TCS on Monday reported a marginal decline in its overall employees for the December 2022 quarter but announced that it will be hiring over 1.25 lakh staff in FY24.

The Times of India

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Dividend, decline in employee-base: Key points from TCS Q3 results

NEW DELHI: The country's largest software exporter Tata Consultancy Services (TCS) reported an 11% rise in December quarter net profit to Rs 10,846 crore.

The Times of India

TCS Q3 net profit jumps 11% to Rs 10,846 crore

NEW DELHI: India's largest software services firm Tata Consultancy Services (TCS) on Monday reported 11% rise in its consolidated net profit for the third quarter (Q3) ended December 31, 2022.

The Times of India

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

The Guardian - UK

Samsung’s Quarterly Profit Plunges to 8-Year Low on Demand Slump

Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world's largest memory chip, smartphone and TV maker - a bellwether for…

Asharq Al-Awsat

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US waged war on China’s chips; S Korea, Taiwan felt the fallout

Washington’s bid for self-sufficiency in semiconductors is complicating relations with its tech-savvy partners in Asia.

Al Jazeera

IDC forecasts PC market expansion in H1

Thailand's PC market is expected to receive a boost from the "Shop Dee Mee Khuen" tax rebate scheme, a brighter economic outlook and a stronger baht in the first half of this year, says tech market research firm IDC Thailand.

Bangkok Post

Top international news developments of the day

Top officials are seeking alternative ways to assist homegrown chipmakers, such as lowering the cost of semiconductor materials, the people said, asking not to be identified revealing sensitive negotiations.

The Times of India

Delta becomes country's biggest listed firm

Delta Electronics (Thailand) Plc has become the largest listed company on the Stock Exchange of Thailand on optimism about demand for its server, cloud-storage and EV-charging products.

Bangkok Post

Better Buy in 2023: AMD or TSM?

Experts are optimistic about a market rebound in the near term. Moreover, as the semiconductor industry’s long-term prospects look bright, quality stocks Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) witness stable growth. But which is the better buy in 2023? Let’s find out….

StockNews.com

CES bets on post-pandemic bounce

Tech's mega-trade show in Las Vegas is aiming to recover some of its pre-pandemic glory.

Axios

May I interest you in wafer thin?

Tech heavyweight Taiwan Semiconductor Manufacturing Company said yesterday it started mass production of its 3-nanometre chips, among the most advanced to come to market. TSMC operates the world's largest silicon wafer factories and produces high-performance chips used in everything from smartphones and cars to missiles.

Bangkok Post

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The Times of India

Reliance retail arm to acquire controlling stake in Lotus Chocolate

NEW DELHI: The retail arm of Reliance Industries has acquired 51% controlling stake in Lotus Chocolate Company, RIL said in an official release on Thursday.

Bangkok Post

Chip Inventories Swell as Consumers Buy Fewer Gadgets

The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears.

The Times of India

'Govt's manufacturing push not yielding results; FDI continues to chase less-complicated services sector'

MUMBAI: Despite the Narendra Modi government's high-octane push to boost manufacturing through the 'Make in India' initiative, foreign investors continue to chase bets in the services sector, a domestic rating agency said on Wednesday.

StockNews.com

AMD, NVDA and 1 Other Semiconductor Stock to Sell Before 2023

The semiconductor industry has been under pressure due to concerns over shrinking demand and increased government restrictions. Amid this backdrop, fundamentally weak semiconductor stocks NVIDIA Corporation (NVDA), Advanced Micro Devices, Inc. (AMD), and Wolfspeed, Inc. (WOLF) could be best sold off. Read more….

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StockNews.com

3 Chip Stocks That Should Be on Your Radar Today

With the Biden administration ramping up investment in the semiconductor industry, it is well-positioned to grow. Given the industry’s long-term growth prospects, it could be wise to buy fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM), Broadcom (AVGO), and Xperi (XPER).

StockNews.com

2 Chip Stocks to Buy Before 2022 Ends and 1 to Sell

The semiconductor industry is poised for rapid growth in the foreseeable future, thanks to increasing chip usage across various sectors and growing corporate and government investments to ramp up production. Hence, adding fundamentally strong chip stocks Taiwan Semiconductor (TSM) and MaxLinear (MXL) to your portfolio this month could be wise.…

Bangkok Post

BTS fandom tech firm Weverse reaches beyond K-Pop

SEOUL: When Jin became the first member of the K-Pop supergroup BTS to enlist for South Korea's mandatory military service this month, he had a special message to fans on Weverse, a fan platform app that commands more than 8 million active users.

Bangkok Post

Warrix outlines B1bn expansion drive after IPO

Sportswear manufacturer Warrix Sport Plc aims to use more than 1 billion baht from its initial public offering (IPO) to expand the company's sport, health and lifestyle brand in Thailand and overseas.

The Times of India

Commerce ministry to come up with advanced version of GeM portal

NEW DELHI: The commerce ministry will come up with a more dynamic Government e-Market (GeM) portal for public procurement purposes by upgrading the existing software of the platform.

Bangkok Post

True Digital Park unveils immersive art show in three phases

True Digital Park reveals four artworks at the Gate Immersive Theatre exhibition, being held on the first floor at True Digital Park West until March 15.

Bangkok Post

Thai firms focus on new businesses

Thailand is following an emerging trend seen across Southeast Asia where companies prioritise the building of new businesses, with strong interest in those relating to sustainability, according to a recent study.

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