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HANOI (Reuters) -- Vietnam's trade ministry said on Thursday that automaker Chery had signed a joint venture agreement with a local company to set up an $800 million plant, becoming the first Chinese electric vehicle maker to set up a facility in Vietnam.
Malaysia is emerging as a hotspot for semiconductor factories as U.S.-China tensions prompt companies to diversify operations.
India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed.
HANOI -- From Samsung Electronics to LG, South Korean companies have long led foreign direct investment in Vietnam, making the Southeast Asian country a critical manufacturing hub in global supply chains. But they are now being pushed back by Chinese peers, according to the representative of the Korea Chamber of Commerce and Industry (KCCI) in the country.
TAIPEI/TOKYO -- Just 10 hours after a massive, 7.2-magnitude earthquake struck off the coast of Taiwan, the island's biggest chipmaker, Taiwan Semiconductor Manufacturing Corp., was able to report that more than 70% of its chipmaking tools were back online, and that no vital machines had been damaged.
HUALIEN, Taiwan (AP) — Rescuers searched Thursday for dozens of people still out of contact a day after Taiwan’s strongest earthquake in a quarter century damaged buildings, caused multiple rockslides and killed nine people.
TOKYO (AP) — Asian shares mostly rose Thursday after a firm finish on Wall Street, as expectations remained solid for U.S. interest rate cuts this year.
Tesla will explore locations in India this month to set up an electric vehicle factory with an investment of up to $3 billion, according to a Financial Times report, in a boost to Prime Minister Narendra Modi's plans to bolster domestic manufacturing.