Semiconductor is a high-tech industry that requires continuous investment in the development of cutting-edge technologies to create new economic value. With the advantage of entering the market early, leading semiconductor companies can generate significant profit and use that profit to develop more advanced manufacturing processes to extend their lead. By increasing their capital spending, they can build up stronger economies of scale. This virtuous circle is the winning formula for businesses competing in high-tech industries.

Vietnam-based electric two-wheeler maker Dat Bike closed its series A round fundraising led by Jungle Ventures, raising a total of US$10 million since the company was established in 2019, according to Tech Crunch.

Component shortages continue to strain production in Southeast Asia as China adopts zero COVID policy and Russia-Ukraine war drags on.

According to Digitimes Research’s surveys and analyses, first-quarter 2022 smartphone application processor (AP) shipments to China-based vendors amounted to 178 million units, increasing 4% from the prior quarter but decreasing 16% from the prior year as Xiaomi, Oppo and Transsion ramped up inventory with their efforts to expand into Eastern Europe, Southeast Asia and Latin America generating results.