Advantech steps up global deployment
Advantech, an industrial computing device and solution provider, is stepping up its investment in regional factory sites in North America, Japan, and Southeast Asia.
Source: digitimes.com
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Around 80% of banks in Asia Pacific to increase technology budget, IDC finds
According to a recent IDC survey, Role of Technology in the Banking Industry, 83.2% of banks in Asia Pacific (not including Japan) will increase their technology budgets in 2023, with 14.8% signaling they will increase their budgets by 20% or more.
Source: digitimes.com
Tesla eyes closer ties with China supply chain with new Shanghai factory
Tesla, with its new factory for energy storage products in Shanghai, is eyeing closer ties with local industry supply chains in China, according to sources at Chinese power component suppliers.
Source: digitimes.com
China CE IC suppliers experience sluggish sales in 1Q23
Most China-based consumer electronics IC suppliers, including Will Semiconductor (WillSemi), Maxscend Technologies, and SG Micro, experienced disappointing sales in the first quarter of 2023 due mainly to persistent de-stocking pressure in the related supply chain, according to industry sources.
Source: digitimes.com
India roundup: Taiwan-based Wistron reportedly to withdraw from India
As Apple suppliers expand investments in India, Wistron is reportedly winding down its operations there. Micron is also reportedly applying for India's semiconductor fab incentive scheme.
Source: digitimes.com