Asia's Tech News: Podcast #002

In the second edition of the Asia Tech News Podcast, we deliver a 10-minute overview of the region's technology news headlines from late October into early November, with headlines including:

• South Korea's launch of the National AI Research Lab, with plans to invest 68 million dollars by 2028, looking at AI research projects and global partnerships;

• Taiwan's likely moves to establish overseas support hubs for chip-making firms, to help in acquiring land, electricity, water, and workers, boosting overseas partnerships in the process;

• Malaysia Digital Economy Corporation's agreements with Singapore's Ascent venture fund and Indonesia's Central Capital Ventura, aiming to boost cross-border collaboration and innovation;

• A look at 'Asia’s Space Ambitions - Driving the Next Chapter in Global Space Competition', a collection of articles now available to download from NBR (The National Bureau of Asian Research), examining the space technology industries in China, Japan, Australia, South Korea, Singapore and India;

• Domestic firms' domination of the $2 billion China Telecom server procurement shortlist, seen as the likely continuation of moves to eliminate foreign hardware from China's networks;

• China's BeiDou satellite navigation system gain of near $1.8 billion in investment commitments for new projects, deepening international competition with GPS, and targeting integration with vehicles, agriculture and beyond;

• The launch of Busan Digital Asset Exchange in South Korea, aiming to tokenize real-world assets including precious metals, raw materials, and carbon credits;

• The Monetary Authority of Singapore's launch of the Global Finance & Technology Network, aiming to deepen the city-state's position as a global fintech hub;

• The Indonesian government effectively banning the sale, and use, of iPhone 16 and Apple Watch 10 devices, citing failures by Apple to meet mandated in-country investment targets;

• Intel's CEO reportedly derailed the firm's TSMC semiconductor discounts with ill-considered remarks, losing Intel a 40% price cut in the process;

• The Reserve Bank of India's Governor's comments on central bank digital currencies, namely that "CBDCs can do whatever cryptocurrencies do. In fact, CBDCs have more benefits than cryptocurrencies, minus the risks associated with private cryptocurrencies"; 

• The breaking of a transnational scam ring comprising Thai, Myanmar, and Cambodian nationals, arrested for defrauding a Thai woman of over 21 million Thai baht, nearly $620K;

and many more.

The headlines covered in the podcast are drawn from Startup News Asia's daily, weekly and monthly news feeds:

• Daily on X / Twitter, Facebook & LinkedIn
• Weekly on Substack & LinkedIn

We also give a shout-out to GITEX Asia in preparation for the inaugural GITEX Asia technology conference, set for Singapore in April of 2025. Set to be a landmark event in the Asia-Pacific technology scene, the 2025 GITEX Asia conference is gathering innovators and leaders, scale-ups and startups, for a multi-day, multi-stream immersion in world-changing technologies.

More GITEX Asia tech conference info.

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