Sci tech environment

Over the last two months, Indian investors have organised events and field surveys across the country to look for opportunities. A view of the 2022 Horasis India Meeting (Photo: VNA) The Confederation of Indian Industries led a delegation of 15 leading companies to Vietnam on September 25-28 to participate in the India-Vietnam Business Forums held in the southern province of Binh Duong and Hanoi. Indian investors are looking for local partners to enhance bilateral cooperation in various sectors, such as energy, electric vehicles, IT, petrochemicals, healthcare, water treatment, food and beverages, fertilisers, and food processing. “We want to establish a joint venture with local partners to set up an integrated biotech laboratory, which can be used to manufacture biotech products for agriculture, veterinary products, and aquaculture products,” said Mekala Lakshmi Prasad, managing director of agri- and aquaculture group Sujay Biotech. In late August, 25 automotive … [Read more...] about Indian-based financiers eager to pour further investment into the country

The Commerce Department, which plans to release new curbs on exports of technology to China this week, will likely deny requests by U.S. suppliers to send equipment to Chinese firms like Yangtze Memory Technologies Co Ltd (YMTC) and ChangXin Memory Technologies, Inc (CXMT) if they are making advanced DRAM or flash memory chips, the sources said. However, license requests to sell equipment to foreign companies making advanced memory chips in China will be reviewed on a case by case basis, sources said, potentially allowing for them to receive the equipment. "The goal is not to hurt non-indigenous companies," one of the people briefed on the matter said. The White House and Commerce Department declined to comment. SK Hynix Inc, Samsung Electronics Co Ltd, YMTC, and CXMT did not respond to requests for comment. The Chinese Embassy in Washington on Thursday described the expected rules as "sci-tech hegemony." It accused the United States of using its "technological prowess ... to … [Read more...] about Samsung, SK Hynix to be spared brunt of China chip crackdown by US

Late last month, FPT Semiconductor officially launched the first line of integrated circuit (IC) chips used in Internet of Things (IoT) products for the medical field. The ICs, which are designed in Vietnam and manufactured in South Korea, will be delivered to customers and current strategic partners in Australia, Taiwan, and China. Next year, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. Vietnam picking up slack as hub for chips - illustration photo The chipmaker intends to deploy and supply Vietnamese chips to domestic corporations to develop sustainably and contribute to completing the supply chain of manufacturing equipment for users in Vietnam between 2023 and 2025. According to a Technavio report, Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024. According to US-based technological research and … [Read more...] about Vietnam picking up slack as hub for chips

Vietnam Rubber Group (VRG) is completing its restructuring scheme for 2021-2025 to submit to the Committee for Management of State Capital at Enterprises. One of the highlights is that industrial real estate will be one of three core business sectors, and the company will foster divestment from the rubber sector to mobilise resources for the industrial real estate sector. Developers eager to cultivate funding in industrial real estate - illustration photo VRG general director Le Thanh Hung said that by 2025, the group’s revenue is expected to increase by 30 per cent, and profit will increase by 25 per cent. The group’s consolidated revenue is expected to climb to VND161 trillion ($7 billion), and consolidated pre-tax profit will be $1.49 billion. The after-tax profit of the parent company will be $536.9 million. “To achieve the above goals, the group will apply for a license to convert part of the rubber area to land for industrial production, contributing to improving … [Read more...] about Developers eager to cultivate funding in industrial real estate