Nicholas Cumins Takes Charge as CEO of Bentley Systems, Ushering in a New Era
Following the CEO transition plan previously announced by Bentley Systems, Incorporated (Nasdaq: BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors. Cumins is the first CEO in the company’s 40-year history who is […]
In four years, 36k Businesses Registered on Cambodia’s OBRP with Real Estate & Construction Leading the Way
Since the launch of Cambodia’s Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered, with the real estate sector leading the way. As of 15 June 2024, the businesses registered under this system boast a total investment capital of US$11.13 billion, with the construction and real estate sectors contributing US$1.18 billion and […]
Japan Explores Maglev Technology for Earthquake-Resistant “Floating Homes”
Of course, the quake did not kill people directly, but the buildings or houses where people lived were the ones that killed people in the quake. If we look at the statistics or photos of earthquakes, we will see that most of the deaths due to earthquakes, large or small, are from buildings or parts […]
TSMC Affiliate Vanguard Partners with NXP for US$7.8bn Chip Facility in Singapore
Vanguard International Semiconductor, an affiliate of TSMC, will invest US$7.8 billion in partnership with European chipmaker NXP to construct its most advanced production facility in Singapore, targeting the rising demand for regional chip manufacturing and supply chain resilience. This significant venture, announced on Wednesday, underscores the strategic importance of localised semiconductor production in the current […]
German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. HE Sun Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable energy, tourism, […]
To Counter US, China Invests Big in Domestic Chip Production with US$47bn Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan (US$47 billion), according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]