Russian drone strikes leave 60,000 without power in Ukraine
Russian drone attacks on power facilities in northern and southern Ukraine overnight left nearly 60,000 people without electricity, with President Vol...
The Vietnamese government has approved funding of 12.8 trillion VND ($500 million) to build a small-scale semiconductor chip manufacturing plant, with the goal of developing a domestic chip industry and ensuring supply chain resilience.
Nguyen Khac Lich, director of the Department of Information and Communications Technology, stated that the government seeks to attract private investments in local semiconductor manufacturing by offering financial incentives to companies.
He added that the government would support 30 percent of the total investment directly from the central budget, provided if the plant begins production before December 31, 2030. The total support amount would not exceed 10 trillion VND ($391.6 million).
In addition, up to 20% of the enterprise's taxable income can be used for reinvestment in the plant's development. Furthermore, land for the semiconductor factory will be allocated without going through public auctions.
The Prime Minister will directly oversee the selection of private companies to partner with the government on this initiative.
"To accelerate semiconductor research, design, and production, Vietnam will invest in a state-supported semiconductor fabrication facility, strengthening its long-term vision of achieving technological self-sufficiency by 2050,"- he said highlighting that the initiative aligns with Vietnam’s Semiconductor Development Strategy to 2030, recently signed by the Prime Minister.
The Vietnamese government has set an ambitious goal of training 50,000 semiconductor engineers by 2030, including:
15,000 engineers for semiconductor design
35,000 engineers for semiconductor manufacturing
Countries like the United States, South Korea, and Japan have already pledged to strengthen chip partnerships with Vietnam, viewing it as a strategic alternative to China and Taiwan.
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According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
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