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Arrcus secures new investment from Hitachi Ventures

Arrcus said the investment will enable the firm to accelerate growth and expand market reach Networking software company Arrcus announced a new investment from Hitachi Ventures for an additional closing of its Series D. Arrcus said this new investment will enable the company to accelerate its...

Foxconn to build telecoms, EV equipment factories in Vietnam

Foxconn is investing $246 million in Vietnam's northern province of Quang Ninh Reports indicate that Hon Hai Technology Group (Foxconn) has been granted permission by Vietnam authorities to invest $246 million in assembling telecoms and electronic vehicle (EV) equipment in the country. The company, according...

Samsung foundry vision includes focus on AI and expanding capacity

Samsung also shared that it has secured additional foundry partners for its Samsung Advanced Foundry Ecosystem (SAFE) At its 7th annual Samsung Foundry Forum (SFF) 2023, Samsung shares its latest foundry technology mission business strategy, focusing largely on the growing need to address artificial intelligence (AI)...

AWS invests $100 million in generative AI

The decision puts AWS in a better position against rivals Microsoft and Google Amazon Web Services (AWS) has announced a $100 million investment to develop a center to help enterprises use generative AI, the technology behind OpenAI’s ChatGPT chatbot. The decision puts the company in...

True and Dtac merge to create biggest telco in Thailand

Thai carriers Total Access Communication (Dtac) and True Corp have completed their merger. Nordic operator Telenor, which partially ownes Dtac, said in a statement that the transaction is the largest telco merger in Southeast Asia by combined enterprise value. The new company will have a...

Hyundai Motor, KT boost partnership on future mobility tech

Hyundai Motor and KT plan to form and operate a committee to promote future new projects and advanced research Korean car maker Hyundai Motor Group said it will expand its strategic partnership with compatriot telecom operator KT Corporation (KT) to further collaborate in the future...

Singtel reduces its direct stake in Bharti Airtel to raise cash for 5G

Singtel noted that the transaction will help to meet the group’s needs for 5G and growth initiatives in the next few years Singaporean operator Singtel announced plans to divest part of its stake in Indian operator Bharti Airtel for about SGD2.25 billion ($1.6 billion). In a...

Singtel analyzes potential sale of Trustwave: Report

Singtel had acquired Trustwave in 2015 in a transaction valued at $810 million Singaporean telecom operator Singtel is considering whether to sell its cybersecurity business Trustwave Holdings, Bloomberg reported, citing sources with knowledge of the matter. The report revealed that the potential transaction will enable Singtel...

Stonepeak to buy 29% stake in American Tower’s US data center business

American Tower will retain managerial and operational control of the data center business American Tower Corporation and Stonepeak, an investment firm specializing in infrastructure and real assets, announced that Stonepeak, on behalf of certain affiliated investment vehicles, will acquire an ownership interest of approximately 29%...