Micron’s $9.5b Chip Plant to Give Singapore Foothold in AI Space; Will Create Up to 3,000 Jobs
Micron Technology's $9.5 billion semiconductor plant in Singapore will bolster the country's role in the AI sector and generate up to 3,000 jobs. The facility, set to produce advanced DRAM chips for AI applications, underscores Singapore's importance in the global tech supply chain.
Bid to Create 7.5-fold Growth in Local AI Firms
Thailand aims to increase the number of local AI firms by 7.5 times within five years as part of its ambitious digital economy strategy. Key initiatives include government support, partnerships with private enterprises, and investments in AI-driven innovations to enhance competitiveness and economic growth.
Indonesia Eyes Detailed National Regulation on Artificial Intelligence
Indonesia is set to draft a comprehensive national regulation on artificial intelligence (AI) to enhance governance and promote ethical development of AI technologies. The proposed regulation aims to address the challenges posed by rapid AI advancements while supporting innovation across sectors such as healthcare, education, and transportation.
Mosti: AI Disruption Looms in Malaysia, 600,000 Workers Must Reskill in Three to Five Years
Malaysia's Ministry of Science, Technology, and Innovation (MOSTI) warns of AI-driven disruption in the workforce, highlighting the need for 600,000 workers to reskill within three to five years. The government is focusing on upskilling initiatives and industry collaborations to prepare the workforce for the evolving digital economy.
Vietnam Offers Up to 50% of Initial Investment Costs for Semiconductor and AI Investors
Vietnam is offering subsidies covering up to 50% of initial investment costs to attract semiconductor and AI investors. This initiative, combined with tax breaks and workforce development programs, positions Vietnam as a key player in the global tech supply chain and supports its ambitions to become a technology hub.
OCBC to Triple Quantum Workforce to Boost Security
OCBC Bank has leveraged quantum computing to enhance cybersecurity and employee productivity, achieving a threefold increase in operational efficiency. By integrating quantum technology into workforce management, the bank demonstrates its commitment to innovation and security, setting a new standard in the banking sector.
SET to Use AI to Improve Market Oversight
The Stock Exchange of Thailand adopts AI to enhance market monitoring, aiming to rebuild investor confidence after corporate scandals and trading irregularities.
Government Sorts Global Standards for AI Regulation in Indonesia
Indonesia aligns with global AI standards to craft tailored regulations, aiming to boost its digital ecosystem and unlock AI's potential for economic growth.
AI Likely to Add US$79bil to Vietnam’s Economy By 2030
Vietnam is poised to harness AI's potential to add $79 billion to its economy by 2030, with plans for robust digital transformation, talent development, and AI innovation.
DBS’ Piyush Gupta: Only Half of Banks Making Enough AI Progress
DBS Group CEO Piyush Gupta highlights that only 50% of banks are advancing adequately in AI and technology adoption, emphasizing the need for accelerated progress in innovation. Gupta underscored the importance of adapting to disruptive technologies during his keynote speech at the Singapore FinTech Festival 2025, calling on financial institutions to rethink operational models to stay competitive.