
Visiting Semicon Southeast Asia 2025: the region's flagship chip and electronics supply chain event
CNBC's Chery Kang brings us to the site of Semicon Southeast Asia 2025 in Singapore for a look at the companies participating in the event, and tells us why the big Chinese and South Korean chip players are not present.
Semicon SEA tech show in Singapore

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Miami Herald
32 minutes ago
- Miami Herald
Tesla signs deal for $556 million grid-scale battery storage station in China
Tesla Friday signed a $556.8 million agreement to build a grid-scale battery storage station in China. The deal is with China Kangfu International Leasing Co., as well as the Shanghai local government. It's the first Tesla large-scale battery storage facility in China. In a statement on Chinese social media site Weibo, Tesla said, 'Tesla's first grid-side energy storage power station project in mainland China has been officially grid-side energy storage power station is a 'smart regulator' for urban electricity, which can flexibly adjust grid resources.' Tesla said that, when complete, this project is expected to become the largest grid-side energy storage project in China. Utility-scale battery energy storage assists energy grid management by keeping supply and demand in balance. More is being built worldwide. Tesla competed against two Chinese companies that offer similar products. CATL and automaker BYD have significant global market share in these battery storage products. China plans to add nearly 5 gigawatts of electricity supply powered by batteries by the end of 2025, which would bring the total capacity to 40 gigawatts. Copyright 2025 UPI News Corporation. All Rights Reserved.


CNBC
3 hours ago
- CNBC
China's property sector has been in an extended slump. Shrinking population is making it worse
China's real estate sector has grappled with a deepening downturn for years. Now a shrinking population is casting another shadow over the stagnant property market. Goldman Sachs estimates that demand for new homes in Chinese urban cities will remain suppressed at under 5 million units per year in the coming years — one fourth of the peak of 20 million units in 2017. "Falling population and slowing urbanization suggest decreasing demographic demand for housing" in the coming years, Goldman Sachs economists said in a note Monday. The country's population is estimated to fall to below 1.39 billion by 2035 from 1.41 billion, according to World Bank's latest data, said Tianchen Xu, senior economist at Economist Intelligence Unit, citing a combination of fewer newborns and more deaths from an ageing population. Shrinking population will cripple home demand by 0.5 million units every year in the 2020s and a lead to a bigger dent of 1.4 million units annually in the 2030s, Goldman Sachs estimates, compared to the positive contribution of 1.5 million units in the 2010s when population was on a steady rise. Fertility rate in the country has continued to fall even after Beijing relaxed its one-child policy in 2016, and despite Beijing's efforts to incentivize child-bearing via cash incentives. Stagnant incomes, instability over job prospects and a poor social security system have dissuaded Chinese young people from having more babies. Beijing's pronatalist policies will likely have "limited effect" as they do not address the deep-rooted issues, Xu said, such as high economic costs for child-bearing and people's tendency to postpone marriage for career progression and "an embrace of individuality." Underscoring the declining birth rates, nearly 36,000 kindergartens across the country closed down over the past two years, with the number of students in preschools falling by over 10 million. That's according to CNBC's calculation of the official data released the Ministry of Education. Similarly, the number of elementary schools dropped by nearly 13,000 between 2022 and 2024. That is rippling through school-adjacent housing markets that once saw inflated prices on the back of strong demand for better public schools. The once-sizable premium was fueled by access to elite schools and expectations of rising property values. But with a shrinking population and local governments scaling back district-based enrollment policies, the added value of these homes has started diminishing, according to William Wu, China property analyst at Daiwa Capital Markets. A mother of a 7-year-old boy in Beijing told CNBC that the price of her apartment had fallen by about 20% from over two years ago when she bought it. It cost her roughly twice the average price for an apartment in the city, so that her son could attend a good elementary school. The number of children entering primary school in 2023 reached the highest level in over two decades, according to Wind Information, before dropping in 2024, the year her son enrolled. That demographic shift is an additional overhang to the property market, which has struggled to emerge from a painful downturn since late 2020. Despite a raft of central and local government measures since last September, the real estate slump has shown little sign of abating. New home prices fell at their fastest pace in seven months in May, according to Larry Hu, chief China economist at Macquarie, extending a two-year stagnation, despite the government efforts aimed at arresting the decline. New home sales in 30 major cities fell by 11% year on year in the first half of this month, worsening from the 3% drop in May, Hu said. "Holders of investment properties are likely to be net sellers (to owner-occupiers) for the foreseeable future," over expectations that home prices will continue to fall, Goldman Sachs estimates. While Goldman expects the rise in China's urbanization rate to temper in the coming years, hurting urban housing demand, Wu said demographic drag on the property market was not yet "imminent" and may take decades to play out. In the nearer term, "some of this decline will be offset by continued urbanization, and housing upgrade demand," Wu said, as the latter would account for an increasing share of China's total housing demand.


Business Insider
7 hours ago
- Business Insider
Stock Market News Review: SPY, QQQ Slip as Recession Signal Flashes, Fed Officials Split on Rate Cuts
Both the S&P 500 (SPX) and Nasdaq 100 (NDX) closed the Friday trading session in the red as geopolitical and economic uncertainty continue to persist. Confident Investing Starts Here: The market received a morning boost after President Trump announced on the Juneteenth holiday that the U.S. would hold off from striking Iran's nuclear facilities for two weeks to allow a window for negotiations. However, those gains were quickly erased after The Conference Board's Leading Economic Index (LEI) flashed a recession signal. The LEI has fallen by 2.7% for the six months ended May, with its annualized six-month growth rate dropping below -4.1%, one of the two requirements that trigger a recession warning. The other requirement occurs when the six-month diffusion index reaches or drops below 50, which signals that most of the components within the LEI are falling. The components include manufacturing, labor market, sentiment, and credit statistics, among others. The recession indicator isn't perfect, although it did precede the recessions of 2000 and 2008 while issuing false signals in 2022, 2023, and 2024. Meanwhile, chip and AI stocks took a hit after a Wall Street Journal report that the U.S. Department of Commerce (DOC) is planning on restricting Samsung, SK Hynix, and Taiwan Semiconductor's (TSM) access to American chip-making technology in their Chinese factories. The three companies currently enjoy a blanket waiver on moving U.S. chip-making equipment to their Chinese facilities, although DOC export controls head Jeffrey Kessler has informed them that the waivers could be cancelled. The policy hasn't been set in stone yet, however. In interest rate news, Fed officials are split on when to cut rates sooner or later. Fed Governor Christopher Waller supports a rate drop as soon as July while Richmond Fed President Thomas Barkin doesn't see a rush for lower rates while the labor market and consumer spending remain healthy. 'I don't think the data gives us any rush to cut… I am very conscious that we've not been at our inflation target for four years,' said Barkin in an interview with Reuters.