News

Vietnam is targeting foreign investment in its maritime sector to boost economic growth and development. While there are challenges such as regulatory hurdles and infrastructure needs, the country’s strategic location and improving port facilities present significant opportunities. The government is addressing these challenges by streamlining regulations and enhancing transparency to attract investment and strengthen the maritime industry. 

Shenzhen is conducting a regional low-altitude airspace assessment and exploring the establishment of a refined collaborative management model for low-altitude airspace that is suitable for high-density megacities. It is expected that by 2025, the proportion of open airspace suitable for drones in the city will exceed 75%, and the total number of low-altitude commercial routes will exceed 1,000.

The U.S. Department of Energy is investing $1.7 billion to convert 11 idle automotive plants into EV production facilities. This initiative aims to save 15,000 jobs, create 3,000 new ones, and boost the domestic EV industry. Major automakers like General Motors and Stellantis are key beneficiaries. By repurposing existing facilities and offering incentives for EV purchases, the government is accelerating the transition to electric vehicles while supporting American workers and communities.

SEMI forecasts a record-breaking $109 billion in global semiconductor equipment sales for 2024, driven by increased demand for advanced chips and memory. Despite a slight dip in wafer fab equipment sales, the overall market is projected to grow due to investments in memory production, particularly for AI applications. China remains the largest market, followed by Taiwan and Korea. The back-end equipment segment is expected to recover in the second half of 2024, with strong growth anticipated in 2025. These trends reflect the semiconductor industry's resilience and its crucial role in driving technological advancements.

Samsung and MIT have made significant strides in developing 2D semiconductors, by identifying promising channel materials like molybdenum disulfide, addressing metal contact challenges with bismuth, and creating compatible gate dielectrics like amorphous boron nitride, researchers are paving the way for more efficient, compact, and powerful electronic devices. These advancements, combined with efficient manufacturing processes, bring the potential for 3D integrated circuits closer to reality, promising a new era of miniaturization and performance enhancement in the semiconductor industry.

India needs to strengthen its manufacturing sector to create jobs and drive economic growth, according to Fitch Ratings. Although India's manufacturing sector has potential, its contribution to GDP has remained stagnant at around 15%. Key areas of focus include improving infrastructure, simplifying regulatory procedures, investing in education and vocational training, embracing advanced technologies, and enhancing export competitiveness. Government initiatives like 'Make in India' and the Production Linked Incentive (PLI) scheme are steps in the right direction, but sustained efforts are required. Strengthening manufacturing can significantly impact job creation, especially for India's young workforce, and position India as a global manufacturing leader. 

India is working hard to catch up with China and the US in quantum computing. The US leads with significant achievements from companies like Google, which claimed quantum supremacy in 2019. China has made notable advances backed by substantial government support. India launched the National Mission on Quantum Technologies and Applications in 2020, involving top institutions like IISc and IITs. Despite challenges like limited investment and a need for more skilled workers, India is making progress through international collaborations and quantum startups. Sustained efforts could help India become a key player in the global quantum computing race.

Qatari telecom giant Ooredoo has partnered with NVIDIA to establish cutting-edge AI data centers across the Middle East. By deploying thousands of NVIDIA Tensor Core GPUs, Ooredoo aims to accelerate AI innovation, support local AI ecosystems, and drive economic growth in the region. This strategic collaboration positions Ooredoo as a leading digital infrastructure provider, capable of meeting the growing demand for accelerated computing and empowering businesses and governments with advanced AI capabilities.

Foxconn is investing $263.7 million to build a smart entertainment manufacturing plant in Quang Ninh, Vietnam, focusing primarily on producing Nintendo Switch consoles and UAV components. The facility, located in the Song Khoai Industrial Park, will cover 21.5 hectares and is expected to employ around 1,200 workers. The project aims to start full operations in January 2027. 

Honda is significantly cutting gasoline vehicle production in China as it shifts focus to electric vehicles. Faced with declining sales amidst stiff competition from domestic Chinese automakers, particularly in the rapidly growing electric vehicle market, Honda is closing and suspending production at two of its Chinese factories. This strategic move reflects the broader industry shift towards electrification and Honda's adaptation to the changing landscape of the world's largest auto market.