JULYASIA BUSINESS OUTLOOK9SK HYNIX UNVEILS $64B CHEONGJU EXPANSION TO BOOST AI CHIP OUTPUT HUBSouth Korean memory chip maker SK Hynix is making one of its biggest investments yet, announcing plans to spend around 100 trillion won ($64 billion) to expand its semiconductor operations in Cheongju. The project will include a new NAND flash fabrication plant and an advanced chip packaging facility, helping the company meet the growing global demand for AI memory chips.The expansion will be centered at SK Hynix's Cheongju campus, where the company plans to build its M17 NAND flash fabrication plant. Construction is expected to begin in 2027, with commercial production scheduled to start in 2029. An advanced semiconductor packaging facility will also be built and is expected to be completed by the end of 2027. Ant International has expanded its presence in Southeast Asia with the launch of a Global Development Centre (GDC) in Malaysia, strengthening its investment in artificial intelligence (AI), financial technology (fintech), and digital innovation. The new centre reflects the company's long-term commitment to the region while supporting Malaysia's goal of becoming a leading technology and innovation hub.Located at The Exchange 106 in Kuala Lumpur's Tun Razak Exchange financial district, the Global Development Centre will develop advanced fintech solutions for Ant International's global business. The facility will focus on AI, digital payments, financial services, and technologies that help businesses, especially small and medium enterprises (SMEs), improve efficiency and expand digitally. Singapore and Indonesia have taken a major step to strengthen cooperation in nuclear safety and radiation protection by signing a memorandum of understanding (MoU). The agreement is aimed at improving regulatory standards, emergency preparedness, and the safe use of nuclear technology as both countries work toward a more sustainable energy future.The MoU was signed in Jakarta on June 30 by Singapore's National Environment Agency (NEA) and Indonesia's Nuclear Energy Regulatory Agency (Bapeten). It provides a framework for both sides to work together through technical exchanges, joint training programmes, research, and the sharing of expertise in nuclear safety, nuclear security, radiation protection, and emergency preparedness.. ANT INTERNATIONAL OPENS MALAYSIA HUB TO DRIVE AI AND FINTECH GROWTHSINGAPORE & INDONESIA STRENGTHEN NUCLEAR SAFETY COOPERATION AGREEMENTJIECHUANG INTELLIGENCE PLANS $290M IPO TO EXPAND OPERATIONSChina-based Jiechuang Intelligence is planning to raise up to US$290 million through an initial public offering (IPO) as the company looks to expand its business and strengthen its position in China's growing industrial technology sector. The planned fundraising comes at a time when demand for automation and smart manufacturing solutions continues to rise, driven by businesses looking to improve efficiency and modernize their operations.Jiechuang Intelligence provides industrial automation and intelligent manufacturing solutions that help companies digitize production processes and improve operational performance. The company plans to use the IPO proceeds to invest in research and development, expand its production capacity, improve its products, and grow its presence in the market.
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