Hon Hai Precision Industry Co (
Hon Hai, the nation's largest company -- which manufactures Nokia phones, iPods, Sony PlayStations and laptops -- is planning a string of projects across Vietnam, an emerging economy that hopes to quickly ramp up its high-tech sector.
The company opened an US$80 million plant on Tuesday that will make camera modules, motherboards and connectors in northern Bac Ninh Province, the Vietnam News Agency said.
Hon Hai also plans to build a complex in neighboring Bac Giang Province, north of Hanoi, with a high-tech park, a new residential township, a golf course, a hospital and a theme park, the Nhan Dan daily said.
The investments in the two provinces are worth US$163 million, said the Thoi Bao Kinh Te of the Vietnam Economics Times, but Hon Hai has much bigger plans in Vietnam, which has seen more than 8 percent economic growth in recent years.
Hon Hai chairman Terry Gou (
Vietnam's government said on its Web site that the high-tech project in Bac Ninh had been "implemented at record speed."
"It took only eight months from the date the survey for an investment locality was conducted to the date the factory was inaugurated," it said.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained