Asia
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Asia leads as nanometer chips redefine semiconductor industry
TSMC, the world's largest semiconductor foundry, has unveiled advancements in 2nm technology and new additions to its 3nm family. Its 2nm technology is slated for production in 2025. "The nanometer chip revolution is here to rewrite the rules of technology. Unleashing a power surge in the AI realm, 5nm chips, for instance, are redefining speed and efficiency across industries," said Kiran Raj, Practice Head of Disruptive Tech at GlobalData.
Public Cloud services market in Asia-Pacific to reach $154 bn in 2026
IDC expects the Asia/Pacific excluding Japan (APeJ) Public Cloud market will grow at a year-over-year (YoY) rate in 2022 at 25.9 per cent in comparison to 36.3 per cent in 2021, as cloud migration continues to accelerate. However, the YoY growth rates will slow down, beginning from 2023 with a YoY growth of 24.1 per cent, to 21.4 per cent in 2026.
Indian firms to generate 49% of revenue from digital infra by 2027: Report
India is leading the Asia-Pacific region, with 97 per cent of businesses using or planning to use edge computing in business operations, according to the 'CIO Technology Playbook 2023' by global technology company Lenovo and chip-maker AMD. "With the rise of digital capabilities, businesses are leaning towards data-driven innovation to drive effective business decisions
Rural commerce tech platform VilCart raises $18 mn in funding winter
Nabventures Fund and Texterity Private Limited also participated in the round. "VilCart aims to bridge the gap between rural consumers and to the manufacturers/primary market by building a strong network. With the new investment, we aim to scale our operations to the entire South India," said Prasanna Kumar, Founder, VilCart.
Air India joins industry bodies FIA, AAPA
In the domestic arena, the flag carrier has rejoined the FIA which FIA works with regulatory authorities, government departments and other stakeholders to highlight key areas of concern, including safety, passenger amenities, ground services and aviation protocols, among others, with an overall objective of fostering safety & growth in the country's aviation sector.
Economic growth in India, China, Indonesia will be less affected: S&P Global Ratings
"We see a significant risk that the Russia-Ukraine military conflict drags on, exacerbating Europe's energy crisis, while at the same time interest rates in developed markets may have to rise even more sharply than in our base case to mitigate broadening inflation pressures," said Jose Perez Gorozpe, S&P Global Ratings Emerging Markets Head of Credit Research.
With 950 billionaires, Asia outnumbers all other regions
A region-by-region analysis of assets owned by more than 2,400 people on the Forbes 'Real-Time Billionaires List', by Nikkie Asia, showed $4.7 trillion in North America, followed by $3.5 trillion in Asia, and $2.4 trillion in Europe."By country, the US ranked first with 719 billionaires followed by China with 440. India has 161," the report said on Tuesday.
British pound plunges to all-time low against USD
During early Asia trade on Monday morning, the pound fell by more than 4 per cent to $1.0327 before regaining some ground to around $1.05, said the BBC report. Monday's slump came just two days after the British currency fell to a fresh 37-year low against the US dollar as investors worried that large-scale tax cuts announced by the government would bring much fiscal uncertainty.
Sequoia India and Southeast Asia raise $2.85 billion to empower founders
"This fundraise, which comes at a time when markets are starting to cool after a very long bull run, signals our deep commitment to the region and the faith our Limited Partners have in the long-term growth story of India and Southeast Asia," the company said in a statement on Tuesday. The region's startup ecosystem has grown rapidly in the last decade, thanks to the acceleration of digital adoption and rising consumer incomes.
Indo-Pacific Economic Framework Initiative - a game changer
The recently launched Indo-Pacific Economic Framework (IPEF) marks the beginning of a new phase of economic cooperation and integration in the region juxtaposed against China's ambitious Belt and Road Initiative (BRI) and Regional Comprehensive Economic Partnership (RCEP) led by it. There are genuine concerns regarding China's rise to power with regional and global implications.
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