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Chip equipment maker ASML's suppliers eye Asia plants outside China amid tensions

13 Sept 13:48 Key points summarised by AI

Suppliers to Dutch chip-making giant ASML are considering establishing new production facilities in Southeast Asian nations like Vietnam, Malaysia, and Singapore.
This strategic shift is prompted by rising political tensions between Beijing and Western countries, aiming to reduce their operational exposure to China.
A delegation of a dozen Dutch tech companies, primarily ASML contractors, is visiting these Southeast Asian locations to explore potential expansion and production opportunities.
The move aligns with the Dutch government's stance, influenced by Washington, to restrict China's access to advanced chip-making technology, impacting ASML's sales to the region.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.