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Former Executives Suspected of Leaking Samsung’s Chip Secrets

Former Executives Suspected of Leaking Samsung’s Chip Secrets

by Teuvo Tuomi | Sep 14, 2024 | Korea, Crime, News, Technology

South Korean police have arrested two former Samsung executives suspected of leaking Samsung secrets worth $3.2 billion to China. One of the arrested suspects, 66-year-old Mr. Choi, set up a joint venture building chips in China with some local officials and served as...
Singapore’s EV Adaptation Fastest in SEA

Singapore’s EV Adaptation Fastest in SEA

by Teuvo Tuomi | Sep 9, 2024 | Singapore, Business, News, Sustainability, Technology

Singapore is forecast to have the largest share of passenger electric vehicles (EVs), 80% of all vehicles, in Southeast Asia by 2040, according to BloombergNEF. Meanwhile, the regional average is expected to be only 24%. Thailand, in second place, is forecast to have...
Passenger EV Registrations Fall Short in Thailand

Passenger EV Registrations Fall Short in Thailand

by Teuvo Tuomi | Sep 8, 2024 | Thailand, Economy, News, Technology, Transportation

The number of passenger EV registrations in Thailand is estimated to reach only 80,000 this year, according to Suraj Sangsnit, president of the Electric Vehicle Association of Thailand. This is a 5% increase from the 76,000 units sold last year, but it falls short of...
Chip War Looming in SEA

Chip War Looming in SEA

by Teuvo Tuomi | Sep 6, 2024 | ASEAN, Innovation, Manufacturing, News, Singapore, Southeast Asia, Technology, Thailand, Vietnam

Singapore, Vietnam and Thailand aim to become a regional leader in the semiconductor manufacturing industry while the demands of artificial intelligence technology and electric vehicles are increasing. Singapore is expanding its decades-long domination in the...
China Has 1.1 Billion Internet Users

China Has 1.1 Billion Internet Users

by Teuvo Tuomi | Aug 30, 2024 | China, Entertainment, News, Technology

China’s internet users approached 1.1 billion at the end of June, up 7.42 million from December. Around 78% of mainland Chinese citizens were connected to the internet, and over one third of new internet users were drawn to short video applications as of June,...
Battle for Three Thai Virtual Bank Licenses Is Heating Up

Battle for Three Thai Virtual Bank Licenses Is Heating Up

by Teuvo Tuomi | Aug 21, 2024 | News, Digitalization, Technology, Thailand

According to an insider, five companies and joint ventures have applied to establish a virtual bank in Thailand after the Bank of Thailand (BOT) opened applications in March. After applications close on 19 September, the BOT will select three qualified operators to...
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