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The US chip company, which is holding one of its AI summits in Mumbai, highlighted the ways Indian partners across industries are using its AI technology to bolster their products and services. Chief executive officer Huang is due to discuss AI’s potential in India with retail-to-refining mogul Mukesh Ambani at the event on Thursday.
Taiwan and South Korea have also made greater strides than India, increasing their share of US imports by 1 percentage point and 0.7 percentage points, respectively, according to Oxford.
“What I am hoping is that TSMC or UMC or some other company aspiring for wafer fabs overseas is to consider: send us your depreciated equipment, and in exchange, we’ll train the Filipino workers that you can deploy in your global operations,” Lachica said.
The government is mulling a two-tier price system for the country’s most-widely used fuel, so that the wealthiest 15 per cent pay the market rate for RON95 petrol while the rest enjoy the current subsidised price, Economy Minister Rafizi Ramli said on Saturday. That’s expected to save the government 8 billion ringgit (US$1.9 billion) a year – though it could also trigger second-round price increases and lead to a surge in inflation, he said.
Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.
The authorities will refrain from providing incentives such as tax breaks and subsidies to any new or existing special economic zones, the Washington-based lender said in its report released on October 10. This will help provide a level playing field for investment, the report said.
The general staff of North Korea’s army directed artillery units over the weekend to “get fully ready to open fire” for an immediate strike on enemy targets if a similar infiltration recurs, the official Korean Central News Agency reported on Sunday.
Chinese parents, known to go the distance to give their children the academic edge, used their holiday to size up higher education in the city state. The trend spawned a mini ecosystem around the visits, creating business opportunities for hotels, bus and travel operators.