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Nintendo lowers sales target; SK Hynix reportedly to set up new plants; Carmakers get EV incentives from Thailand

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.