Technology and Engineering
VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was […]
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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Giant Tech-Companies Rushing to Install AI Technology Centres & Cloud Storage Stations in Malaysia, Indonesia, Singapore & Thailand
Google announced on 22 May 2024 that it will invest US$2 billion in Malaysia to develop its first data centre and Google Cloud station in the country, marking a significant expansion into Southeast Asia. This investment aims to bolster Malaysia’s digital ambitions by leveraging artificial intelligence (AI) and advanced technologies to elevate local industries within […]
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Benesch Pilots AI/ML and Digital Twin Technology to Streamline Traditional Pavement Assessment Workflows
Using Bentley’s iTwin Applications Facilitates Data-centricity, Industrializing Industry Pavement Management Practices Traditional pavement management practices and technology lack efficiency and comprehensiveness, failing to maximize asset Benesch initiated a research and development project, exploring the integration of artificial intelligence, machine learning, and digital twins for a more data-centric approach to pavement crack detection workflows. Leveraging iTwin® […]
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