Latest news with #Taiwanese
Time of India
20 minutes ago
- Automotive
- Time of India
India key market for MediaTek; young demographic, growing economy fuel growth: Country MD
India's booming technology sector and the young, tech-savvy population are making the country a pivotal market for global semiconductor giant MediaTek , according to company's India MD Anku Jain. India's strong economic growth and favourable demographics are driving rapid adoption of advanced technologies like 5G, smart devices, and AI-powered solutions, he said. "India is a very important market for MediaTek because it is a very huge consumption story,we can see the demographics -- which is a very young population, we can see our economy growing very fast. All these components are making the market very attractive for us," Jain told PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elite Swing Trader Mr. Hemant Shares His Winning Strategy for Free! TradeWise Learn More Undo Beyond smartphones, MediaTek's chipsets power many devices, including smart TVs, tablets, chromebooks, routers, and the smart home segment. Jain noted that the company is now expanding into new verticals such as automotive, recently partnering with JioThings to develop 4G smart clusters for the two-wheeler EV segment, and supplying infotainment systems for cars like Skoda Slavia and Tata Punch EV . Live Events The company is also exploring opportunities in satellite communications, with its chipsets poised to support evolving requirements as India's satellite and IoT ecosystem grows. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories As per Counterpoint Research, as of April 2025, MediaTek led India's smartphone chipset market with a 45 per cent share, followed by Qualcomm at 32 per cent. The company established its first R&D centre in India in 2004 and now employs over 1,000 engineers across its Bengaluru and Noida offices. The Taiwanese firm on Friday launched the MediaTek Dimensity 8450, a 5G smartphone chip with eight Arm Cortex-A725 cores and an Arm Mali-G720 MC7 GPU. Jain outlined MediaTek's commitment to further investment in the Indian market and continued expansion of its engineering teams. The company views its Indian R&D centres as extensions of its global operations, enabling it to address multiple technology verticals from within the country. "In the near future, we'll have the number of engineers keep increasing with time because we are coming up with new innovations and the talent pool in India, the engineering strength in India is very, very good for us," he said.
Time of India
33 minutes ago
- Business
- Time of India
SoftBank's Masayoshi Son pitches $1 trillion US AI hub to TSMC and Trump team: Report
SoftBank Group founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter. Son is seeking to team up with Taiwan Semiconductor Manufacturing Co for the project, which is aimed at bringing back high-end tech manufacturing to the US and to create a version of China's vast manufacturing hub of Shenzhen, the report said. SoftBank officials have spoken with US federal and state government officials to discuss possible tax breaks for companies building factories or otherwise investing in the industrial park, including talks with US Secretary of Commerce Howard Lutnick, the report said. SoftBank is keen to have TSMC involved in the project, codenamed Project Crystal Land, but it is not clear in what capacity, the report said. It is also not clear the Taiwanese company would be interested, it said. TSMC is already building chipmaking factories in the US with a planned investment of $165 billion. Son is also sounding out interest among tech companies including Samsung Electronics, the report said. The plans are preliminary and feasibility depends on support from the Trump administration and state officials, it said. A commitment of $1 trillion would be double that of the $500 billion "Stargate" project which seeks to build out data centre capacity across the US, with funding from SoftBank, OpenAI and Oracle . SoftBank and TSMC declined to comment. The White House and US Department of Commerce did not immediately respond to requests for comment. The proposed scheme follows a series of big investment announcements SoftBank has made this year. In March it announced it would acquire US semiconductor design company Ampere for $6.5 billion and in April said it would underwrite up to $40 billion of new investment in OpenAI, of which up to $10 billion would be syndicated to other investors. This week SoftBank raised $4.8 billion from a sale of shares in T-Mobile.
The Star
37 minutes ago
- Business
- The Star
Vanzo taps Taiwan market with exclusive Watsons distribution deal
KUALA LUMPUR: Vanzo Holdings Bhd's wholly owned subsidiary, Vanzo Asia Sdn Bhd (VASB), has entered into an agreement with Taiwan-based Xishangxi International Marketing Co Ltd (XIMCL). Under the agreement, XIMCL is appointed as the exclusive distributor of VASB's products in both online and physical Watsons stores in Taiwan, Vanzo said in a filing with Bursa Malaysia. VASB has the right to authorise XIMCL to distribute the products to other key retail channels such as pharmacies, supermarkets, minimarkets and convenience stores. Vanzo said the agreement is for a two-year period, commencing on June 20, 2025 and expiring on June 19, 2027. 'The agreement enables VASB to enter Taiwan's fast-moving consumer goods (FMCG) market through Watsons. The products are expected to be available to Taiwanese consumers across Watsons' over 500 outlets starting September 2025. 'This initiative shall enable VASB to further expand its market presence in Taiwan's FMCG market through additional key retail channels, including pharmacies, supermarkets, minimarkets and convenience stores,' Vanzo said.
Business Times
an hour ago
- Business
- Business Times
Masayoshi Son pitches US$1 trillion US AI hub to TSMC, Trump team
[TOKYO] SoftBank Group founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing to realise what could be his biggest bet yet – a trillion-dollar industrial complex in Arizona to build robots and artificial intelligence. Son envisions a version of the vast manufacturing hub of China's Shenzhen that would bring back high-tech manufacturing to the US, according to people familiar with the billionaire's thinking. The park may comprise production lines for AI-powered industrial robots, they said, asking not to be named as the plan remains private. SoftBank officials are keen to have the Taiwanese maker of Nvidia's advanced AI chips play a prominent role in the project, although it's not clear what part Son sees for TSMC, which already plans to invest US$165 billion in the US and has started mass production at its first Arizona factory. Nor is it clear that TSMC would be interested. A person familiar with the chipmaker's thinking said that SoftBank's project has no bearing on TSMC's plans in Phoenix. Codenamed 'Project Crystal Land,' the Arizona complex represents the 67-year-old SoftBank chief's most ambitious attempt in a career that's spanned numerous bet-the-house bids, thousands-fold-returns and billions of dollars in losses. Son, who's often expressed disappointment in his own legacy, has repeatedly said he means to do everything he can to hurry AI development. SoftBank officials have spoken with federal and state government officials to discuss possible tax breaks for companies building factories or otherwise investing in the industrial park, including talks with US Secretary of Commerce Howard Lutnick, the people said. The Japanese billionaire is also personally sounding out interest among an array of tech companies, they said. The project has been floated to executives at South Korea's Samsung Electronics, they said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Shares of SoftBank rose 2.7 per cent on Friday. TSMC's stock price rose 1.9 per cent, while Samsung's gained 0.5 per cent. Representatives of SoftBank, TSMC and Samsung declined to comment. A Commerce Department spokesperson did not immediately respond to a request for comment. SoftBank's attempts to get businesses investing in a US industrial park follow signs that its campaign alongside ChatGPT maker OpenAI to raise hundreds of billions of dollars for US data centres is moving slower than initially expected. Crystal Land would need to address crucial details, such as whether there's demand and funding on par with its grandiose scale, to become reality. Son has pulled together a list of SoftBank Vision Fund portfolio companies that might take part in the Arizona manufacturing hub, the people said. SoftBank-backed startups working on robotics and automation technologies – such as Agile Robots – may set up production facilities at the industrial complex, they said. The plans are preliminary and feasibility hinges on support from the Trump administration and state officials. While the cost of the project as envisioned by Son may require as much as US$1 trillion to execute – a sum previously reported by the Nikkei – the actual scale depends on interest from big technology companies. If successful, Son has floated building multiple cutting-edge industrial parks across the US. SoftBank is exploring the Arizona project as it also moves forward on plans to invest as much as US$30 billion into OpenAI and plans a US$6.5 billion acquisition of Ampere Computing. It's also seeding money into the Stargate venture with OpenAI, Oracle and Abu Dhabi's MGX, although it aims to get the bulk of the money for building data centres around the world from outside investors. Those outlays come as SoftBank's cash stood at 3.4 trillion yen(S$30 billion) at the end of March. The Tokyo-based company has since tapped its T-Mobile US stake, selling roughly a quarter of what it held in March to raise US$4.8 billion this month. SoftBank also has net assets valued at 25.7 trillion yen, of which chip designer Arm Holdings makes the single largest portion, allowing it to borrow billions more as needed. SoftBank's exploring project financing for Stargate data centres, a model that could be adapted to a big endeavour like Crystal Land. Common for large-scale infrastructure like oil or gas pipelines, the project finance template would allow the tech investor to raise funding on a project-by-project basis and require less money upfront. Son's restless search for growth has resulted in projects that proceed in fits and starts, making it difficult to gauge how committed he is to any one venture. The billionaire is often goaded by the desire to boost SoftBank's stock price and repay retail investors who've held onto the company's shares from before the dot-com boom and bust, people close to the SoftBank chief have said. Many investors have waited for decades for the stock to regain dot-com bubble levels – something it's flirted with only a few times since 2020. If Son's primary motivation is to clear the way for AI, it may be more cost-efficient to encourage partnerships that link manufacturing expertise with that of AI engineers and specialists in fields from medicine to robotics, and incubating smaller companies, according to Melissa Otto, head of research at Visible Alpha. But pouring cash into data centres may help lower the cost of developing AI applications and spur broader adoption, she said. 'He's a long-term thinker, and he takes risks,' Otto said. 'It's just too early to tell.' BLOOMBERG
Saudi Gazette
2 hours ago
- Politics
- Saudi Gazette
China sends dozens of planes across central line in Taiwan Strait
BEIJING — China dispatched 74 military aircraft towards the Taiwan Strait between late Thursday and early Friday, with 61 of them crossing its median line, the Taiwanese defence ministry has said. The incursion, which represents one of the largest in recent months, began a day after the UK sailed a navy ship across the strait, in a move welcomed by Taipei but condemned by Beijing. The Chinese planes were sent in two separate waves, with six naval vessels also accompanying the maneuvers, according to Taiwan. Beijing regards the democratically governed island as part of its own territory and has stepped up such deployments to demonstrate its readiness to encircle and potentially invade Taiwan. Analysts say the moves are also aimed at intimidating Taiwan's population and exhausting its military resources and morale. Taiwan responded by scrambling its own fighter jets, deploying naval ships and activating land-based missile systems to monitor the incursion. The incident came after the British patrol vessel HMS Spey passed through the Taiwan Strait on Wednesday. Taiwan's Ministry of Foreign Affairs welcome the patrol, saying it 'once again (reaffirmed the Strait's) status as international waters". 'Such transits by the UK and other like-minded countries are encouraged to safeguard peace and stability in the Taiwan Strait, and to promote a free and open Indo-Pacific,' it added. Britain's de facto embassy in Taipei said the HMS Spey was legally within its rights to sail through the strait. 'Wherever the Royal Navy operates, it does so in full compliance with international law and exercises its right to Freedom of Navigation and overflight,' it stated. However, Beijing condemned the Royal Navy's actions, with the Chinese army saying the British vessel had 'deliberately disturbed the situation and undermined the peace and stability of the Taiwan Strait". While the timing raised speculation, it remains unclear whether China's large-scale aerial deployment was a direct response to the British naval transit. The Taiwan Strait is an important international waterway, but Beijing routinely objects to the presence of foreign military vessels in the area. — Euronews
