This Asia tech industry summary will mainly focus on Nintendo adjusting down its sales target due to challenges caused by chip shortages and the COVID-19 pandemic; SK Hynix reportedly planning to set up new plants in Yongin or Cheongju; and Toyota, SAIC Motor, and Great Wall Motor (GWM) becoming some of the first automakers to receive electric vehicle (EV) incentives from the Thai government.

Taiwan-based semiconductor equipment maker Trusval Technology remains optimistic about its business prospects for the second quarter, as its chipmaking customers are still stepping up order placements despite an unfavorable macro environment.

Intel has announced advancements across silicon, software and services, showcasing how it brings together technologies and the ecosystem to unlock business value for customers today and in the future.