International News
Chinese State-Backed Investors Inject US$7 Billion into YMTC to Propel Local Chip Component Production While US Moves to Produce in Vietnam
In response to mounting geopolitical tensions and US trade restrictions, Yangtze Memory Technologies Corp (YMTC), China’s premier memory chip manufacturer, is taking significant steps to bolster its domestic supply chain. The company received a substantial US$7 billion capital infusion from state-backed investors, including the Big Fund, earlier this year, according to SCMP on 30 September […]
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Civil infrastructure geoprofessionals are ready to adopt the cloud
The report highlights time-consuming data management practices, with data residing in disparate “‘silos’” CHRISTCHURCH, NEW ZEALAND, July 19, 2023 – Seequent, The Bentley Subsurface Company, today announced the findings of its latest Geoprofessionals Data Management Report, which looks at the trends, challenges, and opportunities in geoscience data. Jo Knight, Chief Customer Officer, Seequent, said, “As […]
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Infrastructure Projects in India, South Korea, and Southeast Asia Named as Finalists in Bentley Systems’ 2023 Going Digital Awards in Infrastructure
Winners to Be Selected and Announced on Oct. 12 as Part of Bentley’s Year in Infrastructure and Going Digital Awards EXTON, Pa. – Sept. 27, 2023 – Bentley Systems, Incorporated, the infrastructure engineering software company, has announced several projects from India, South Korea, and Southeast Asia as finalists in Bentley’s 2023 Going Digital Awards in […]
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US Shifting Supply Chains: China Expected to Lose 3m Jobs to Vietnam
As the United States and Vietnam strategically realign their supply chains, aiming to reduce reliance on China, the recent shift in manufacturing could have substantial implications for China’s job market. A report by Rabobank in 2022 estimated that up to 28 million Chinese jobs directly depended on exports to the West. Consequently, this “friend-shoring” strategy, […]
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Thailand-China High-Speed Railway Hits Fast Track: Phase 1 Operational by 2027
The dream of a high-speed rail connection between Thailand and China is rapidly becoming a reality. The State Railway of Thailand has unveiled ambitious plans to have the first phase of the Thailand-China high-speed rail line, spanning from Bangkok to Nakhon Rachasima, operational by the year 2027. This monumental project, which will encompass a 253-kilometer […]
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Eve Energy Partners with Energy Absolute to Establish Cutting-Edge Lithium-Ion Battery Plant in Thailand
Chinese battery manufacturer Eve Energy has entered into a Memorandum of Understanding (MOU) with Energy Absolute (EA), Thailand’s premier renewable energy company. Their collaborative goal is to construct and operate a cutting-edge factory dedicated to the production of lithium-ion batteries, specifically for electric vehicles (EVs). This announcement aligns with the global trend of investment in […]
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CBA Expo 2023: Pioneering the Future of Construction, Mining & Building Industries
In a testament to innovation and progress, CBA Expo 2023, the inaugural international trade exhibition and conference dedicated to machinery, tools, equipment, and technology for the construction, mining, and building sectors, concluded with resounding success. Held at EH100, BITEC Bangkok, Thailand, from 13-15 September 2023, this event emerged as a definitive platform for industry stakeholders […]
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China’s Belt & Road Initiative: Some Shifting Challenges Seeing China Not Expanding Investment Abroad
A decade since China first proposed the Belt and Road Initiative (BRI), this ambitious global investment project has significantly expanded both trade and China’s international influence. Ten years in, Beijing undoubtedly wields greater clout on the global stage, but this milestone also comes with notable shifts in new investments. Positive results from the implementation of […]
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Vietur Consortium Wins Bid to Construct US$1.5 Billion Long Thanh International Airport Terminal
The Airports Corporation of Vietnam (ACV) has awarded the construction of the US$1.5 billion terminal at Long Thanh International Airport, located near Ho Chi Minh City, to the Vietur Consortium. This consortium, led by the seasoned Turkish contractor IC Içtas, boasts the participation of nine Vietnamese companies alongside IC Içtas itself. Notably, this selection follows […]
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One US-based chipmaker committed US$1.5b to build the largest chip-making factory in Ho Chi Minh City
Following President Biden’s visit to Vietnam, the United States has announced a groundbreaking semiconductor partnership that aims to leverage Vietnam’s potential in bolstering resilient semiconductor supply chains, according to the White House’s Press dated 11th, September 2023. “The United States recognizes Vietnam’s potential to play a critical role in building resilient semiconductor supply chains, particularly […]
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