Reuters Asia Business

South Korea says to provide clear visa guidelines for its companies operating in US

By Ju-min Park SEOUL (Reuters) – South Korea’s top security adviser Wi Sung-lac said on Friday that the government would talk to U.S. officials in order to provide clear visa guidelines for Korean companies operating there and to ease concerns for workers remaining in the United States. Wi made the comments as the administration in …

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India home prices set to soar, pushing millions into costly rentals: Reuters poll

By Rahul Trivedi BENGALURU (Reuters) -Home prices in India are set to rise faster than expected, fuelled by demand from wealthy buyers, while a shrinking supply of affordable housing is likely to keep many stuck in ever more expensive rentals, a Reuters poll of property experts found. The concentration of well-paying jobs in a handful …

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SK Hynix says readying HBM4 production as it seeks to retain lead over rivals

By Heekyong Yang SEOUL (Reuters) – SK Hynix said on Friday it has completed its internal certification process for next generation high-bandwidth memory 4(HBM4) chips and established a production system for customers as it seeks to retain a lead over rivals. In March, the South Korean chipmaker, a key supplier to AI giant Nvidia, said …

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Global EV sales growth slows to 15% in August, research firm says

By Jesus Calero (Reuters) – Global sales of fully electric and plug-in hybrid vehicles grew 15% in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday. China’s EV sales growth, which averaged 36% a month in the first half, cooled to …

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India sees no major impact on Foxconn from pullback of Chinese employees

By Wen-Yee Lee TAIPEI (Reuters) -India does not expect significant disruption to Foxconn’s operations in the country after the iPhone assembler ordered some employees from China to return home over the past few months, a top Indian government official said this week.  “Although some of the Chinese workers had to leave because they were asked …

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China investors seen looking past Cambricon index rebalance, staying bullish on AI

By Li Gu and Jiaxing Li SHANGHAI/HONG KONG (Reuters) -Investors are expected to remain hungry for China’s Cambricon shares, with a looming reshuffle in a key tech index that could lead to over $1 billion worth of passive selling unlikely to shake their confidence in the AI bellwether. Shares of Cambricon, an AI chip designer …

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Indonesia cites lack of forestry permits in land seizures from nickel miners

By Bernadette Christina and Fransiska Nangoy JAKARTA (Reuters) – An Indonesian task force has seized plots sprawling over hundreds of acres from miners PT Weda Bay Nickel and PT Tonia Mitra Sejahtera for lack of relevant forestry permits, officials said on Friday. The move is part of a government crackdown on illegal exploitation of natural …

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Chinese telecom operators to provide eSIM support for iPhone Air

BEIJING (Reuters) -China’s three major telecom operators will provide eSIM support for Apple’s iPhone Air, according to Apple China. But the availability of eSIM-enabled services from China Mobile, China Telecom and China Unicom is subject to regulatory approvals. (Reporting by Beijing newsroom; Editing by Himani Sarkar)

Hyundai battery plant faces at least 2-3 month startup delay following US raid, CEO says

By Nora Eckert DETROIT (Reuters) – A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.  The Georgia plant, which is operated through a joint venture between Hyundai and South Korea’s LG Energy Solution, …

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Taiwan promotes chip diplomacy as allies old and new mingle at major trade show

By Ben Blanchard TAIPEI (Reuters) -As leading global semiconductor companies gathered in Taipei this week for the Semicon trade show to discuss the AI boom, one area got a much more prominent role than before: Taiwan’s use of its dominance of the chip industry to promote diplomatic aims. Taiwan, home to the world’s largest contract …

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