On September 21, Prime Minister Pham Minh Chinh signed Decision No. 1018/QD-TTg, establishing Vietnam‘s strategy and vision for developing its semiconductor industry. This strategic plan outlines both short-term objectives until 2030 and long-term projections extending to 2050, emphasising five key tasks – developing specialised chips, promoting the electronics industry, enhancing human resources and attracting talent, drawing investment into the semiconductor sector, and implementing additional relevant measures.
The strategy includes a three-phase roadmap. In Phase 1 (2024-2030), Vietnam aims to leverage its geographical advantages and existing semiconductor talent to attract foreign direct investment (FDI). The goals are to establish at least 100 design companies, one small semiconductor chip manufacturing plant, and 10 packaging and testing facilities, with the semiconductor industry projected to generate over USD 25 billion in revenue annually. The workforce is expected to exceed 50,000 engineers and university graduates.
During Phase 2 (2030-2040), Vietnam intends to strengthen its position as a global center for semiconductors, targeting 200 design companies, two chip manufacturing plants, and 15 packaging and testing facilities. The expected annual revenue for the semiconductor industry is projected to surpass USD 50 billion, with a workforce growing to over 100,000 engineers and graduates.
In Phase 3 (2040-2050), Vietnam aspires to become a leading player in the global semiconductor arena, aiming for at least 300 design companies, three semiconductor chip manufacturing plants, and 20 packaging and testing facilities. The semiconductor industry’s revenue is anticipated to exceed USD 100 billion annually, while the electronics sector is expected to surpass USD 1.045 trillion. Despite the government’s ambitious strategy, challenges remain, including power shortages, competitive salaries for talent, and a weak technological foundation.
The European Investment Bank (EIB) is making strategic moves to close the funding gap that often drives European start-ups to seek capital outside the continent, particularly in the United States. To counter this trend, the EIB is expanding its support for venture capital and private equity markets, creating an environment where European start-ups can thrive and scale domestically.
A key part of this strategy is the expansion of the European Tech Champions Initiative, which provides late-stage funding to high-potential companies. Additionally, the EIB is increasing its equity and venture debt investments and proposing a new fund to support European firms’ acquisition and public listing of tech start-ups. That push aligns with the EU’s broader objective of developing and integrating capital markets, ultimately making Europe a more attractive environment for growth-stage companies.
Furthermore, the EIB’s funding strategy strengthens Europe’s role in climate-friendly technologies, supporting start-ups that advance the EU’s net-zero CO2 goal by 2050. That initiative reflects a strong push to deepen capital market integration, enhancing Europe’s global competitiveness and enabling it to rival major economies like the US and China. Through these investments, the EIB is committed to keeping Europe at the forefront of technological and environmental progress.
OpenAI has teamed up with Hearst Communications Inc. to incorporate content from its magazines and newspapers into the ChatGPT chatbot. This partnership, announced on Tuesday, enables Hearst to license material from well-known publications such as Esquire, Cosmopolitan, and Elle, along with more than 40 newspapers for use in OpenAI’s products. The content will be displayed in ChatGPT with proper attribution, providing transparency and easy access to the original sources.
Jeff Johnson, President of Hearst Newspapers, highlighted the significance of including journalism from professional journalists in AI products as generative AI advances. He stated that this partnership enables Hearst’s trusted and curated content to enrich OpenAI’s offerings, resulting in more timely and relevant information.
OpenAI has been working to establish similar licensing agreements with a range of publishers, such as Condé Nast, News Corp., and Time magazine, to train its AI models and ensure access to authoritative information. Many of these agreements include commitments to provide news summaries with proper attribution. However, not all media outlets are on board; the New York Times filed a lawsuit against OpenAI in December, alleging the unauthorised use of its copyrighted articles. OpenAI has contested these claims, asserting that the newspaper is not presenting the full context of the situation.
Alchemy Pay has announced that its Virtual Card service is now compatible with Samsung Pay, making cryptocurrency payments faster and more convenient for users. This new feature allows cardholders to connect their virtual crypto cards to Samsung Pay, adding to the previously available Google Pay option. By linking their card, users can now seamlessly pay with cryptocurrency both online and in-store at millions of global locations.
With this integration, Alchemy Pay is making digital assets more accessible to everyday shoppers, offering flexibility to spend crypto on major platforms such as Amazon, Netflix, and eBay. Cardholders simply add their Virtual Card to Samsung Pay and can start making payments immediately.
Alchemy Pay is focused on expanding its payment capabilities and plans to collaborate with major card networks like Visa and Mastercard soon. This is part of a broader strategy to enhance crypto payments for both experienced users and newcomers alike.
Zambia and Burundi have signed a Memorandum of Understanding (MoU) to enhance regional digital infrastructure by improving fibre optic connectivity between the two nations. The landmark agreement, formalised during the 2024 Digital Government Africa Summit, marks a pivotal moment in pursuing technological advancement across the continent.
Central to the MoU is the ambitious plan to lay a fibre optic cable beneath Lake Tanganyika, which positions Zambia as a crucial hub for Information and Communication Technology (ICT) in the region, especially with 350 kilometres of cable already installed.
Consequently, this digital bridge is expected to strengthen ties between the two countries while significantly improving digital communication, facilitating better interactions, and enabling Burundi to connect with other Southern and Eastern African nations. Moreover, the societal impact of this MoU is expected to be significant, as it aims to enhance the quality of life for citizens in both countries through improved access to internet services and communication.
The initiative fosters economic growth and development and forms part of a broader regional effort to promote cooperation in ICT development across Africa. The insights shared at the summit highlighted the importance of meaningful dialogue among governments and industry leaders, signalling a promising future for digital advancement on the continent.
The White House has surprised many by using Reddit to communicate its response to Hurricanes Helene and Milton, with posts appearing in subreddits like r/NorthCarolina and r/Georgia. Although government updates are more commonly shared on platforms like Instagram and X, the Biden administration has taken a new approach with Reddit to reach a broader and more engaged audience.
The US White House’s Reddit account, ‘whitehouse,’ was confirmed to be legitimate by Reddit’s Gina Antonini, who also mentioned the account’s “Official” badge as part of Reddit’s Pro program. Interestingly, the account’s creation date was 7 January 2021, raising questions about whether it had been used before. While some posts initially faced moderation issues, they were later restored as the federal government continues to explore innovative ways to engage with the public.
Deputy Director of Platforms Megan Coyne shared on X that the Reddit account was launched for this purpose. This marks a shift in how the government communicates with citisens, using more unconventional platforms to provide real-time updates on emergencies.
OpenAI is expanding its global presence with plans to open new offices in key cities, including Singapore, Paris, and Brussels. These will add to its existing hubs in San Francisco, London, and Tokyo, positioning the company for broader international reach. The company’s efforts follow a substantial $6.6 billion funding round and leadership changes.
Oliver Jay, formerly of Asana and Dropbox, will lead OpenAI’s international operations from Singapore. The new Singapore office, expected to open by the end of the year, will serve as a hub for the Asia Pacific region. The company is actively hiring engineers to build out its team in the region, which has seen rapid growth in ChatGPT usage.
The decision to expand into Singapore is partly driven by the country’s strong engagement with AI technology. OpenAI noted that Singapore has one of the highest per capita uses of ChatGPT, with usage doubling since the start of the year. This new office will be OpenAI’s second in Asia, after Tokyo.
As part of the expansion, OpenAI is partnering with AI Singapore, a national programme that promotes the development and adoption of AI in the region. CEO Sam Altman highlighted Singapore’s leadership in AI and its role in tackling complex societal issues, as well as fostering economic growth.
Singapore is set to mandate digital bunkering services for marine fuel suppliers from April 2025. The move, announced by senior minister of state for transport Amy Khor at SIBCON 2024, will require suppliers to issue electronic bunker delivery notes.
New measure like this one is expected to enhance efficiency and transparency in ship refuelling processes by improving data-sharing between buyers and sellers. The streamlined system could save the industry around 40,000 man-days per year, while also helping to minimise fraud.
Singapore has been testing digital bunkering with several marine fuel suppliers since November 2023. Following the successful trials, the Maritime and Port Authority confirmed that Singapore will be the first port globally to adopt digital bunkering on such a scale.
The digitalisation of the bunkering process reinforces Singapore’s position as the world’s leading bunker hub, setting new standards for the maritime industry.
MediaTek is reportedly collaborating with NVIDIA to develop a new AI processor, which is expected to be manufactured using 3nm technology and is slated for tape-out later this month. This move comes alongside MediaTek’s recent launch of its Dimensity 9400 smartphone chipset, indicating the company’s ambition to diversify its product lineup. The new AI processor is projected to enter mass production by late 2025 and aims to fill a gap in the market for Windows-on-Arm devices, especially given the comparatively weaker graphics performance of Qualcomm’s Snapdragon X Elite.
The new chip is expected to work alongside NVIDIA’s GPU, aiming at major laptop brands like Dell, HP, Lenovo, and Asus as potential clients. Priced at approximately $300, this processor signifies MediaTek’s move into the AI PC sector, marking a significant shift from its usual collaborations with AMD. However, MediaTek has previously partnered with NVIDIA, notably in their recent unveiling of automotive SoCs that incorporate NVIDIA technology, highlighting their mutual interest in enhancing AI capabilities.
As the AI landscape evolves, MediaTek’s partnership with NVIDIA could bolster its position in a competitive market, especially given NVIDIA’s dominance in AI processors. This collaboration underscores MediaTek’s strategic shift and opens avenues for innovative products in the AI-driven technology sector.
The future of the .io domain may be uncertain following a new treaty in which the UK agreed to relinquish control of the Chagos Islands, the British Indian Ocean Territory, to Mauritius. The .io domain, widely used by tech startups and cryptocurrency platforms, originates from this territory, and the transfer of sovereignty calls into question whether the domain will remain in use.
The .io domain was assigned to the Chagos Islands in 1997, though the British government collected some of the revenue from its sales, much to the surprise of the Chagossian people, who were forcibly displaced in the 1960s to make way for a US military base. Now that the UK has agreed to give up the islands, it’s unclear if the domain will continue or be retired, as the Internet Assigned Numbers Authority (IANA) typically phases out country code domains after political changes.
While no official decision has been made regarding the .io domain, its potential retirement follows precedents set with domains like .yu, which was phased out after Yugoslavia’s breakup. The .io domain’s future remains in limbo as Mauritius takes control of the Chagos Islands.
