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July 2024: Singapore

Singapore’s tech news in July 2024 delivered headlines on subjects including: funding for research into quantum and artificial intelligence uses in Singapore’s financial sector; Singapore’s global position in the NAND memory chips, a corner of the semiconductors industry; Singapore-Malaysia partnership for oversight of social media-based disinformation; new Indonesia-Singapore subsea cables; and more.

Plus: Asia’s Tech Newsletter, Weekly >

Singapore FinTech Festival 2024

Singapore FinTech Festival – November 2024

  • Singapore moves into semiconductor space with NXP and Vanguard International plans for $7.8BN factory, adding to recent GlobalFoundries and Micron investments / full item
  • ‘Generative AI and the future of work: A Singapore perspective’ from McKinsey & Co / full item

Singapore Fintech Festival 2024 is set for November 6-8, running with the theme of ‘The Intersection of Policy, Finance & Technology’ / details

  • Singapore: Monetary Authority commits up to Sg$100M for capabilities development around quantum tech and AI in the financial sector / full item
  • Singapore state investment giant, Temasek, to invest up to $10BN in India over 3 years, seen in part as a response to underperformance on China investments / full item

TOKEN2049 is set for September 18-19 in Singapore, gathering entrepreneurs, institutions, industry, investors and leaders in crypto and blockchain / info

  • ‘3 key takeaways from the soft launch of GenAI Fund’s ASEAN GenAI Startup Report’ via e27 / full item

Singapore & semiconductors: “Almost all of Micron NAND memory is made in Singapore. NAND contributed $2.1BN to Micron’s revenue last quarter, representing 30% of its revenue.” / full item

  • Vietnam: Foxconn Singapore gains licence to invest $551M in 2 manufacturing projects in smart-system equipment and products, adding to $383M PCB facility / full item
  • Malaysia and Singapore increase oversight of social media, messaging platforms and online markets in bid to curb growth in online scams and harms to minors / full item
  • ‘China’s subsea strategy and a new data center for Singapore’ from Nikkei Asia and the Financial Times / full item
  • Telkom Indonesia’s int’l arm, Telin, inks MoU with Singtel for new subsea system connecting Singapore and Indonesia, operating under newly-formed consortium / full item
  • Malaysia: Telekom Malaysia and Nxera, regional data centre arm of Singtel’s Digital InfraCo, partner for cutting-edge data centre facility in Johor / full item
  • Download: ‘Financial Scams Report – An Assessment of Scams in East Asia, in Australia, Hong Kong & Singapore’ from the Global Coalition to Fight Financial Crime / full item
  • Reserve Bank of India joins Project Nexus, collaborating with Malaysia, Philippines, Singapore, and Thailand to facilitate instantaneous cross-border retail payments / full item

“Project Nexus aims to connect domestic instant payment systems to improve… cross-border payments… with the central banks of India, Malaysia, Philippines, Singapore & Thailand” / full item

SWITCH - Singapore Tech Week 2024

SWITCH: Singapore Tech Week, October 2024

Asia’s Tech Newsletters: July 2024

  • July 31st 2024: Indonesia cyber force, TSMC & Germany, Singapore semiconductors, Japan Space Strategy Fund…
    On LinkedIn and on Substack
  • July 24th 2024: China’s socialist LLMs, Pacific Islands cybersec, 1nm semiconductors, 30K staff for Huawei R&D centre…
    On LinkedIn and on Substack
  • July 17th 2024: Samsung chips, China space issues, Vietnam digital economy, Malaysia Silicon Island, Bangladesh-Huawei…
    On LinkedIn and on Substack
  • July 10th 2024: Indonesia EV batteries, India semiconductors, Australia space-tech, China smart-car cloud, AU-JP quantum…
    On LinkedIn and on Substack
  • July 3rd 2024: Huawei & Peru, Indo-Singapore subsea cables, China’s G60 mega-constellation, Korea’s $12BN semicon fund…
    On LinkedIn and on Substack

Critical tech quarterly, Q2 2024

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