Inventec to set up smart factory in Southeast Asia in 2016

PhilippinesFocus Taiwan — Taipei, Aug. 26 (CNA) Inventec Corp. (英業達), a major Taiwanese supplier of Chinese phone brand Xiaomi Inc., is thinking of setting up an intelligent manufacturing plant in Indonesia or the Philippines next year as part of its global expansion. The new facility would initially manufacture smartphones and PC-related products such as all-in-one computers, commercial tablets and mini-desktop computers based on customer demand, Inventec Chairman Richard Lee (李詩欽) said during a break at an event marking a cloud partnership between Microsoft Corp. and Chunghwa Telecom Co. (中華電信).

Submarine Cable Systems in Asia: Where should investments go?

APACOver the past couple of decades we have seen how modern submarine cable systems help global economies flourish by providing global connectivity through fiber optic cables traversing all continents. Globally, undersea cables contribute around 99 percent of total international broadband connectivity.

Rs 90,000 crore investment proposals for electronics manufacturing: Government

IndiaTimes of India — NEW DELHI: Government has received investment proposals totalling Rs 90,000 crore in the last two months for electronics manufacturing in the country, with significant interest in making mobile phones by local and foreign firms. “About Rs 90,000 crore worth of proposals were received in the last two months. There is hardly any company which has not shown interest to manufacture in India,” said Ajay Kumar, additional secretary in Ministry of Communications and IT.

Oracle chief says US software giant’s China expansion on track despite Beijing protectionism, market slump

ChinaSCMP — Oracle, the world’s second-biggest software company, is betting on increased investment in manpower, research and development to fuel its growth in mainland China, despite Beijing’s drive to promote indigenous information technology suppliers. “It’s very important to get our technology China-ready, and make sure we have the ability to sell and support our products in the country. Those are our primary investments,” Oracle co-chief executive Mark Hurd told the South China Morning Post.

Huawei opens A$30m ICT innovation center in Australia

AustraliaGlobal telecommunications giant Huawei on Wednesday furthered their innovation and talent development, investing A$30 million (US$22.1 million) in a new training and innovation center in Sydney. Inaugurating the center on Wednesday, Huawei Global rotating chief executive Ken Hu said innovation is part of the giant’s DNA, investing at least 10% of revenue into research and development since the companies founding in 1987.

India No. 2 investment country for Amazon

IndiaTimes of India — BENGALURU: India has added new customers at the fastest rate for Amazon in its history of operations in multiple countries, the company’s head of international consumer business, Diego Piacentini, told TOI. India is also the second biggest investment country for the company after the US, he said, adding that India was key to Amazon’s future success.

Sharp in talks with Hon Hai over tie-up: Report

JapanDigi Times — TOKYO: Japanese electronics maker Sharp has entered negotiations with Taiwan’s Hon Hai Precision Industry Co for a tie-up over Sharp’s struggling display business, the Asahi newspaper reported on Saturday.  Investors and analysts have urged Sharp to overhaul its liquid crystal display (LCD) and consumer electronics divisions. Chief executive Kozo Takahashi initially resisted but last month said he was open to major restructuring, including some kind of strategic deal for its LCD business.

Taiwan attracts foreign direct investment of over US$2.3 billion in January-July, says MOEA

TaiwanDigi Times  — Taiwan’s Ministry of Economic Affairs (MOEA) approved 2,068 foreign direct investment projects (except from China) with a total value of US$2.310 billion in January-July 2015, increasing 4.50% and decreasing 6.44% on year, according to MOEA statistics released on August 20.

Dell Continues its Big Bet on SonicWall Channels in India: Brenton Smith

IndiaChannel World — Dell Software Group is aggressively pursuing its India strategy mainly led by past acquisitions of SonicWALL, Quest Software, Boomi and Statsoft. SonicWALL continues to be our fastest growing product with channels being intrinsic part of this success, declares Brenton Smith, Vice President & General Manager, Dell Software Group, Asia Pacific and Japan.

JV to use Beidou for location-based services

ChinaShanghai Daily — CHINA North Industries Group Corp (Norinco Group) and e-commerce giant Alibaba have set up a joint venture to provide location-based services using China’s Beidou navigation satellite system. The Shanghai-based firm has 2 billion yuan (US$313 million) in registered capital, with the two companies both holding a 50 percent share, according to Norinco Group.

With China funding, messaging app Kik joins unicorns

ChinaBusiness Times — SAN FRANCISCO: Canada-based smartphone messaging application Kik said on Tuesday it raised US$50 million from Chinese Internet giant Tencent, saying the two firms have a “shared vision.” The funding vaults the firm launched by University of Waterloo students into the so-called “unicorn” club of startups with valuations over US$1 billion, according to a Kik statement.

China Media Capital launches internet TV

ChinaWant China Times — China’s internet TV craze has just attracted another convert with the debut of Whaley TV on Aug. 13. “Whaley TV envisions becoming a platform for promoting Chinese culture” said Li Ruigang, founder and chair of Whaley Technology, which runs the new internet TV division, according to Tencent’s tech news web portal.

Tencent Makes USD90 Million Sick Investment In India

IndiaChina Tech News — China-based Tencent led the USD90 million investment in Practo, a health and medical information provider in India. On the completion of the investments, Practo’s total financing amount will reportedly reach USD124 million and its investors include Google Capital, Sofina, Sequoia Capital, Altimeter Capital, Matrix Partners, and Russian billionaire Yuri Milner.

Samsung considers appliance plant in Myanmar

MyanmarKorea Times — Samsung Electronics is considering building facilities in Myanmar to make home appliances. It is part of efforts to respond to rising labor costs in China and Vietnam. “Samsung Electronics is considering building plants to produce white goods in Myanmar as the company has been seeking new manufacturing posts to cut labor costs and improve efficiency,” sources told The Korea Times, Monday.

Boost for ‘Make in India’: Foxconn to invest $5 billion in Maharashtra

IndiaTimes of India — MUMBAI: Global electronic manufacturing giant Foxconn has announced it will invest $5 billion over the next five years in Maharashtra, which has given the Taiwan-based company 1,500 acres of land for its plant. Foxconn chairman Terry Gou said the facility in Maharashtra will focus on research and development as well as manufacturing, and the company has chosen the state for being a financial centre, availability of quality talent and software-hardware integration facilities.

Eyeing Expansion, Telkom Mulls Over Plans for Rp 5t Bond Issuance in 2016

IndonesiaJakarta Globe — Jakarta. State-controlled Telekomunikasi Indonesia, commonly known as Telkom, is assessing plans for a Rp 5 trillion ($371 million) bond issuance in the beginning of next year to finance expansion over the next few years. “We will still monitor the market. If we conduct the bond sale in the second half of this year, the pricing will be expensive, so it’s likely that we’ll have it early next year,” Telkom finance director Heri Sunaryadi said in Jakarta on Monday.

Investors jump into undersea-cable market as internet woes continue

VietnamVietnam Net — Afzal Abdul Rahim, CEO of TIME dotCom Berhad, said that TIME has bought 25 percent of the Vietnamese CMC Telecom in a deal worth $12 million. He said TIME, the second largest telecom group in Malaysia, has invested more than $200 million in many sea cable systems over the last five years.  TIME has begun implementing its strategy on conquering the Indochina market. Local newspapers commented that it is now the golden time for TIME to join forces with CMC Telecom to provide sea cable services.

Karbonn to invest Rs 800 crore in manufacturing

IndiaTimes of India — NEW DELHI: Domestic handset manufacturer Karbonn Mobiles said it had earmarked Rs 800 crore for investment in manufacturing over the next three years.  “As part of the investment initiative, we have tied up with Water World to set up a facility in Noida that will be capable of producing 1.5 million units,” Shashin Devasare, promoter of Karbonn Mobiles, said.

Snapdeal to raise $500 million from Alibaba, SoftBank, Foxconn: Sources

IndiaTimes of India — BEIJING: Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China’s Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. One of the people said the deal could be finalized within a few days at the earliest but may also take weeks.

Techwave Consulting Inc opens 2nd office in Hyderabad

IndiaTimes of India — HYDERABAD: US headquartered global system integratorTechwave Consulting Inc has opened its second office in Hyderabad at an investment of $3 million. The facility was formally inaugurated by Telangana IT and panchayat raj minister KT Rama Rao on Saturday.