JULYASIA BUSINESS OUTLOOK9NVIDIA SUPPLIER KING YUAN TO INVEST $1.4B IN US CHIP EXPANSIONKing Yuan Electronics (KYEC), a Taiwan-based semiconductor testing and packaging company that supplies Nvidia, plans to invest up to $1.4 billion to build a new facility in the United States. The investment marks another step in the ongoing shift by chip companies to expand manufacturing closer to major customers and strengthen the semiconductor supply chain as demand for AI chips continues to rise.The announcement comes as the United States attracts more semiconductor investments through government incentives and growing spending on AI infrastructure. While KYEC has confirmed the investment amount, it has not yet revealed where the facility will be located or when construction will begin. BYD has crossed the 17 million mark in cumulative new energy vehicle (NEV) sales, reaching another milestone in its rapid global expansion. The achievement comes as the Chinese automaker continues to strengthen its presence in international markets, supported by rising demand for electric vehicles and a growing export business.The company reported strong sales during the first half of 2026, with overseas sales playing a key role in its growth. As competition in China's EV market becomes more intense, BYD is increasingly looking beyond its home market to maintain momentum and expand its global expansion strategy. Tesla has introduced its Full Self-Driving (FSD) Supervised v14 Light software in South Korea, expanding the availability of its advanced driver-assistance technology to another key Asian market. The update allows eligible Tesla owners to access enhanced driving assistance features through an over-the-air software upgrade.The rollout is part of Tesla's broader effort to bring its latest driving software to more countries while adapting it to local road conditions and regulations. The company has reiterated that the system is designed to assist drivers and still requires them to stay alert and ready to take control of the vehicle at any time. BYD CROSSES 17 MILLION EV MILESTONE AS OVERSEAS SALES ACCELERATE FASTTESLA ROLLS OUT FULL SELF-DRIVING SUPERVISED UPDATE IN SOUTH KOREAPHILIPPINE AIRLINES PLANS MAJOR BOEING-AIRBUS FLEET EXPANSION DEALPhilippine Airlines (PAL) is preparing for one of the biggest fleet expansion plans in its history by ordering Philippine Airlines, Boeing 787-10 Dreamliner, and Airbus A350-1000 aircraft. The deal, expected to be announced at the Farnborough Airshow, reflects the airline's ambition to strengthen its international operations and meet growing demand for long-haul travel.If confirmed, the purchase will also mark PAL's first Boeing aircraft order in nearly 20 years. The investment highlights the carrier's long-term strategy to modernize its fleet with more fuel-efficient aircraft while expanding its presence across key global routes.
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