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Vietnam and U.S. Firms Forge Strategic Partnerships in Energy, AI, and Data Centers

As the Vietnamese government revealed, multiple Memorandums of Understanding MoUs have been inked by American and Vietnamese companies to work togethe

As the Vietnamese government revealed, multiple Memorandums of Understanding MoUs have been inked by American and Vietnamese companies to work together on energy, AI, and data centre development. The agreements were finalised during a business forum in the United States. They include a partnership on AI and data centres between Sovico Group and Supermicro, an LNG cooperation between PetroVietnams PTSC and Excelerate Energy, and an energy technology transfer agreement between PetroVietnam and Kellogg Brown & Root. Vietjet has further signed a $1.1 billion deal with Honeywell Aerospace Technologies to ensure avionics and technical services for its fleet. At the meeting, Vietnamese President To Lam asked to be recognised as a market economy and pledged to encourage US investment in his country. Read More..

B2B Tech News | 3 months ago        

Samsung Display to Invest $1.8 Billion in New OLED Factory in Vietnam

South Korean electronics company Samsung Display Co. intends to spend $1.8 billion on a new facility in northern Vietnam to make OLED screens for vehi

South Korean electronics company Samsung Display Co. intends to spend $1.8 billion on a new facility in northern Vietnam to make OLED screens for vehicles and other devices. The building will be next to a Samsung electronics plant in the Bac Ninh provinces Yen Phong industrial zone. Samsung Vietnams General Director Choi Joo Ho and Prime Minister Pham Minh Chinh met and decided to make this investment, bringing Samsungs total investment in Bac Ninh to $8.3 billion from its present $6.5 billion. Vietnam has emerged as a significant electronics production hub in the last ten years, thanks to $22.4 billion in investments from Samsung, which has six manufacturing facilities and a research and development facility there. Read More..

B2B Tech News | 3 months ago        

South African Rand Weakens Slightly, Still Up 1.3% for the Week Amid Rate Cuts

After a week of significant increases, the South African rand dropped on Friday, closing at 17.53 versus the dollar, or around 0.3% less than it had a

After a week of significant increases, the South African rand dropped on Friday, closing at 17.53 versus the dollar, or around 0.3% less than it had at the previous close. Despite the decline, the South African Reserve Bank and the U.S. Federal Reserve lowered interest rates this week, which helped the rand gain 1.3% versus the dollar. Local inflation also dropped to 4.4%, the lowest since April 2021. Due to profittaking, currency expert Andre Cilliers stated that the rand may stay around the R17.40/R17.70 area shortly. Analysts anticipate more rate reductions from the SARB, but if combined with fundamental economic improvements, they shouldnt have a detrimental effect on the rand. In the meantime, the Top40 index of the Johannesburg Stock Exchange ended the day mostly unaltered. Read More..

B2B Tech News | 3 months ago        

Qualcomm Explores Potential Acquisition of Struggling Intel Amid Industry Turbulence

Given Intels continuous difficulties, reports claim Qualcomm has contacted Intel to discuss a possible takeover. To explore many possibilities, includ

Given Intels continuous difficulties, reports claim Qualcomm has contacted Intel to discuss a possible takeover. To explore many possibilities, including Intels PC design business, Qualcomm CEO Cristiano Amon is actively participating in these first conversations. There is currently no official offer in place. With the announcement, Qualcomms stock dropped 2.9% while Intels increased 3.3%. The United States, China, and European regulators may scrutinise a prospective merger closely for antitrust violations, and Qualcomm may be forced to sell off portions of Intel. With Qualcomms cash reserves of around $13 billion and Intels valuation of $122 billion, financing such a deal would be complex. Intel is shifting its focus to contract manufacturing and AI to regain its competitive advantage. Read More..

B2B Tech News | 3 months ago        

RBA Reforms Hit Another Roadblock as Greens Demand Interest Rate Cuts

Another blow to longdelayed Reserve Bank of Australia RBA changes came when Greens members insisted on lower interest rates in exchange for backing th

Another blow to longdelayed Reserve Bank of Australia RBA changes came when Greens members insisted on lower interest rates in exchange for backing the bill. The Greens urged the RBA to drop rates during its next decision, stating they would only pass Labors RBA changes once they were. Due to the ongoing inflation, officials have indicated that a rate decrease this year is unlikely, and the RBA has kept rates at 4.35% since November. The opposition has criticised the planned reforms, citing concerns about possible political influence, especially creating a distinct governing board. After calling the Greens proposals "economically irresponsible," Finance Minister Katy Gallagher shelved the reform legislation and maintained the status quo policymaking framework. Read More..

B2B Tech News | 3 months ago        

Chinas Central Bank Conducts First 14Day Cash Supply in Months Amid Liquidity Concerns

Through open market operations, the Peoples Bank of China PBOC, the countrys central bank, has added 234.6 billion yuan $33.29 billion to the banking

Through open market operations, the Peoples Bank of China PBOC, the countrys central bank, has added 234.6 billion yuan $33.29 billion to the banking system, the first 14day cash supply in months. This action comes with a lower interest rate of 1.85%, down from 1.95%, and is intended to preserve sufficient liquidity before the October 1 National Day festivities. The PBOC typically uses 14day repos over extended vacation periods, so analysts see this funding operation as a regular step rather than a significant policy easing. Amidst persistent deflationary pressures and difficulties in promoting development, the banks policies have sparked speculation of more monetary easing in the upcoming months. On Tuesday, senior banking regulators will have an uncommon joint press conference. Read More..

B2B Tech News | 3 months ago        

DCM Ventures to Offload Remaining Stake in Kuaishou, Targeting Up to $479 Million

To generate as much as $479 million, DCM Ventures intends to sell all of its remaining shares in Kuaishou Technology, a Chinese platform for short vid

To generate as much as $479 million, DCM Ventures intends to sell all of its remaining shares in Kuaishou Technology, a Chinese platform for short videos. Offering between HK$40.28 and HK$41.13 a share, the venture capital firm sells 91.66 million or 2.1% of Kuaishous outstanding shares. The deal, scheduled to close on Friday and settle by Tuesday, is being bookended exclusively by Morgan Stanley. Even though it was an early investor, DCM has been cutting back on its holdings in Kuaishou since its share pricepped 20% this year. On Thursday, however, the cost of the shares increased 4.9% to HK$42.1. Read More..

B2B Tech News | 3 months ago        

Japan to Implement LongTerm Monitoring System for Fukushima Water Discharge, Says China

The release of hazardous water from the Fukushima nuclear facility was the subject of an agreement between China and Japan in August, the Chinese fore

The release of hazardous water from the Fukushima nuclear facility was the subject of an agreement between China and Japan in August, the Chinese foreign ministry reported. Japan established an international monitoring system for an extended period, and the two countries agreed to allow stakeholders to carry out independent sampling and monitoring. Before "gradually" getting back into the import of Japanese aquatic products, China stressed the value of independent sampling. The Fukushima catastrophe has raised persistent worries about food product safety, which is highlighted by this development. Read More..

B2B Tech News | 3 months ago        



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