Latest news and trends about tech

GlobalFoundries, a semiconductor manufacturer headquartered in New York, has opened its Advanced Facilities Control Centre (AFCC) at its Singapore site.

The Ministry of Energy, Trade and Industry (METI) and Energy Market Authority (EMA) have on Monday launched three schemes to support the development of a strong pipeline of local expertise in nuclear energy in Singapore.

Singapore and Malaysia have renewed an energy cooperation agreement to strengthen technical collaboration on solar power, energy storage systems, renewable energy certificates and cross-border electricity trading, supporting regional power grid integration and the transition to cleaner energy, the duo said on Monday. 

Data centers in Johor, Sydney, Melbourne and Batam could absorb most of the additional electricity generation planned for their respective markets over the coming years, raising concerns over power availability as cloud computing and artificial intelligence (AI) workloads expand, according to BMI Country Risk and Industry Research.

Singapore's Energy Market Authority (EMA) has granted conditional approval to Sembcorp Utilities as the designated importer for the 1.3-GW Vietnam-Malaysia-Singapore renewable electricity initiative.

Prime Minister Anwar Ibrahim said he had a videoconference with Son last Tuesday, during which the Japanese tech investor said he had picked regions in the country for projects including data centers.

Carro, Asia Pacific’s leading online automotive marketplace, sees the rise of Chinese electric vehicles (EV) in Southeast Asia as a tailwind for its used-car business, a spokesperson at Carro said to TNGlobal.

HKEX has launched AI and semiconductor indexes and licensed the AI benchmark for planned exchange-traded funds in mainland China.

CBRE will pay $610 million upfront for Onnec, with a performance-based earnout of up to $400 million, expanding data-center services in Europe and Asia Pacific.

Singapore-headquartered insurtech firm Igloo plans to grow its platform software business, Igloo Tech Solutions, five-fold over the next two years through organic and acquisition-led growth.