Industry News

China has recently announced a USD 47.5 billion state-backed investment for semiconductors, which has, in turn, sparked conversations among influencers online.

President Yoon Suk Yeol of South Korea has introduced a support package worth KRW 26 trillion (USD 19.1 billion) for the nation's chip manufacturing sector, encompassing financial assistance, infrastructure development, research and development initiatives, and support for small and medium-sized enterprises (SMEs).

SKY Perfect JSAT Corporation, NTT DOCOMO, INC., the National Institute of Information and Communications Technology (NICT), and Panasonic Holdings Corporation (Panasonic HD) have successfully completed the world’s first 5G communication verification test in the 38 GHz band from an altitude of approximately 4 km on board a Cessna aircraft.

Revenue from multiplay services in India is anticipated to experience a steady increase, with a compound annual growth rate (CAGR) of 4.5% forecasted between 2023 and 2028.

The Department of Telecommunications (DoT) has instructed telecom companies to block all incoming international spoof calls directed toward Indian consumers.

ST Telemedia Global Data Centres (STT GDC) has announced a joint venture partnership with VNG Corporation to develop, construct, and operate data center projects in Ho Chi Minh City, Vietnam.

The revenue from fixed communication services in Hong Kong is projected to grow at a rate of 2.0% annually, increasing from USD 2.7 billion in 2023 to USD 3.0 billion in 2028. This growth is mainly driven by the fixed broadband service segment, as reported by GlobalData, a prominent data and analytics company.

The total revenue from mobile services in South Korea is projected to rise from USD 21.1 billion in 2023 to USD 25.1 billion in 2028, with a compound annual growth rate (CAGR) of 3.5%. This growth is primarily attributed to the strong expansion in subscriptions for M2M/IoT and the mobile data services segment.

VEON, a global digital operator that offers combined connectivity and online services, has announced that Banglalink, its digital operator in Bangladesh, has signed a Memorandum of Understanding (MoU) with Robi, the second largest mobile operator in Bangladesh and a subsidiary of Axiata Group.

More women in low- and middle-income countries (LMICs) are now using mobile internet, with a total of 1.5 billion (66%) women connected. In 2023, an additional 120 million women accessed the internet through mobile devices. Mobile internet remains the main way people in LMICs access the internet, making up 84% of broadband connections in 2023. However, there are still 785 million women who are not connected, with around 60% of them living in South Asia and Sub-Saharan Africa.