In today’s briefing:
- A Surprising Winner in the US-China Chip Wars
- Ohayo Japan | Market Volatility Ahead of Jobs Report
- China’s Conventional Carmakers Try to Cash In on Hybrids’ Growing Popularity
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A Surprising Winner in the US-China Chip Wars
- Penang is experiencing a new boom in semiconductor chip manufacturing, attracting investment from international companies
- Malaysia has a 50-year history in the semiconductor supply chain, with a focus on the back end processes such as packaging, assembly, and testing
- Malaysia is capitalizing on the US-China chip war and emerging as an unexpected winner in the global supply chain, receiving $12.8 billion in foreign direct investment in 2023
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Ohayo Japan | Market Volatility Ahead of Jobs Report
- U.S. stocks experienced significant volatility with the Dow Jones plunging 530.16 points, marking its worst session since March 2023.
- Foreign investment in Japanese stocks hit a 10-year peak in fiscal 2023, reaching 7.69 trillion yen, driven by the UK, South Korea, and China.
- Nihon M&A Center Holdings [2127] plans to invest in “Korea M&A Exchange” (KMX), aligning with succession needs in Japan and South Korea.
China’s Conventional Carmakers Try to Cash In on Hybrids’ Growing Popularity
- A number of China’s conventional carmakers have launched or announced new hybrid models in an attempt to capitalize on the growing popularity of the cars as range anxiety persists among customers curious about going electric.
- State-owned automaker Dongfeng Motor Group Co. Ltd. on Saturday unveiled the Aeolus L7 SUV, which it touted as the first model built with its novel hybrid car technology that allows the vehicle to operate as either a plug-in hybrid or an extended-range hybrid.
- Plug-in hybrids use batteries to power an electric motor and fossil fuels to power an internal combustion engine. While on the road, they can use fuel, battery power or a mix of the two to run.