Deep Tech

Antares Ventures, a Singapore-based deep-tech venture capital firm, has secured more than $50 million in commitments for its first fund at a second close, an interim closing at which additional investors join.

Singapore battery recycler NEU Battery Materials has raised $7.6 million and commissioned a 1,300-tonne-per-year LFP recycling plant in Tuas.

Infineon has completed its acquisition of Bengaluru-based C2i Semiconductors, adding digital power-management expertise for AI data centers.

Japan's Sumitomo Bakelite will expand production capacity for advanced semiconductor encapsulation materials for chip production at its plants in Suzhou, China, and Singapore, installing new production lines at both sites.

Chinese industrial robotics developer Changzhou Microintelligence has passed a Hong Kong Stock Exchange listing hearing, advancing its proposed IPO.

TSMC's third-quarter revenue rose about 50 percent to a record NT$1.49 trillion, exceeding analyst expectations as AI chip demand remained strong.

Universal Quantum, a British quantum-computing company, has raised more than $100 million in a Series A round backed by Singapore's sovereign investor EDBI.

GlobalFoundries will manufacture silicon interposers for TSMC's CoWoS ecosystem under a five-year, $2 billion agreement, with production set to ramp in 2028.

A third of semiconductor companies plan to expand manufacturing into Asia-Pacific markets over the next three years as the AI boom drives chip demand, according to global courier FedEx.

Vietnam seeks to permit tungsten (wolfram) exports, but only for deep-processed product, such as ammonium paratungstate (APT) and commercial tungsten oxide.