TSMC expects overseas manufacturing to reduce its consolidated gross margin by nearly two percentage points in 2026, with the impact widening to three to four points later in its expansion program. The company plans to spend $60 billion to $64 billion on capital expenditure this year. Its latest outlook calls for fourth-quarter revenue of up […]

The post TSMC’s global buildout faces crucial capital efficiency test appeared first on Asia Times.

India’s largest initial public offering (IPO) opens October 21, and investors in Tokyo, Singapore and Hong Kong are being asked a simple question: What is a Jio customer’s monthly bill worth? Jio Platforms, the Reliance-owned mobile carrier with some 524 million India-based customers, is selling 270 million new shares at 1,065 to 1,119 rupees each […]

The post Jio’s IPO seeks a tech multiple for old-school mobile business appeared first on Asia Times.

Two years ago, central bankers on three continents all but declared victory over inflation. Markets took them at their word, and plenty of investors built their portfolios on the assumption that the price surge of 2022 was behind us. That assumption was wrong, and the consequences are now showing up in almost every major economy […]

The post The inflation conflagration is back and here to stay appeared first on Asia Times.

Yemen’s civil war reignited in early October, as Saudi Arabia brought in Turkish and Pakistani military support to fight the Houthi rebels, who have governed much of northern Yemen as a de facto authority and waged a guerrilla war in the country since 2004. Having spent more than a decade fighting Saudi-led forces and enduring […]

The post How non-state alliances are reshaping the global order appeared first on Asia Times.

TOKYO – Narendra Modi’s “Make in India” campaign has become a global brand. As China’s economy slows and multinationals look to diversify supply chains, the world’s most populous nation has eagerly cast itself as the obvious alternative. This was supposed to be the year the story came together. The Bharatiya Janata Party (BJP) billed 2026 […]

The post India’s ‘Goldilocks’ year curdles on weak rupee, Chinese inputs appeared first on Asia Times.

As the US Navy lays the groundwork for its next-generation SSN(X) attack submarine to replace its aging fleet, the US’s longstanding undersea supremacy faces an intensifying test against China’s rapid naval buildup, advancing acoustic stealth and superior shipyard capacity. The US Navy’s Naval Sea Systems Command (NAVSEA) issued a sources-sought notice to survey domestic shipyard […]

The post US Navy’s SSN(X) won’t arrive for years as China closes sub gap appeared first on Asia Times.

As the war in Ukraine grinds into its fifth winter, the collapse of recent diplomatic initiatives and Washington’s explicit pivot from arming Kyiv to brokering a territorial freeze have laid bare a stark new reality. In February 2022, Western leaders predicted that sanctions would cripple Russia within months and that a united West would see […]

The post After the end of history appeared first on Asia Times.

As US President Donald Trump deepens his ties with Pakistan’s powerful military chief Asim Munir, the nation’s government has detained the elected leadership of the last province controlled by jailed former Prime Minister Imran Khan’s opposition party – a move critics have condemned as a coup. Pakistan’s president, Asif Ali Zardari, declared a state of […]

The post PTI opposition jailed as Trump embraces Pakistan’s Asim Munir appeared first on Asia Times.

The Houthi attack mixed together suicide drones, cruise missiles and ballistic missiles. Because these weapons travel at significantly different speeds, the drones were launched first, followed by the cruise missiles and lastly by the ballistic missiles. Reports say the entire attack on October 10, starting at around 3PM local time, lasted around 45 minutes. The […]

The post Houthi Riyadh airport hit shows Saudi air defenses full of holes appeared first on Asia Times.

The Russia-Ukraine War has become a real-time laboratory for the Chinese military, spurring rapid defensive modernization while exposing deep friction between its centralized command hierarchy and the decentralized demands of modern combat. This month, the Center for Strategic and International Studies (CSIS) released a report detailing how China is aggressively leveraging the Russia-Ukraine war as […]

The post China fast on Ukraine lessons, slow on command reform appeared first on Asia Times.

China’s nomination of Chinese national Song Li to lead the World Health Organization has been filed under the wrong heading. Most of the coverage treats it as a chapter in a bigger story: Washington has walked out, Beijing has stepped in and Geneva must now pick a side. That story is tidy. It is also […]

The post Hire next WHO chief for the job, not the flag appeared first on Asia Times.

China’s artificial intelligence and digital-infrastructure investments in the Gulf Arab states are increasingly colliding with a far larger and more strategically privileged American technology presence, particularly in Saudi Arabia and the United Arab Emirates (UAE). While Beijing offers Gulf governments cloud platforms, 5G networks, smart-city systems, surveillance technologies and lower-cost digital infrastructure, Washington offers the […]

The post US-China race is on for the Gulf’s AI future appeared first on Asia Times.

Last week, eight Chinese-made light attack jets sat on a half-finished runway at Ban Keun, flanked by more than two dozen military support vehicles, offering the first aerial glimpse of a new Chinese-Lao military facility north of the Lao capital, Vientiane. The speed of the buildup and the earthmoving visible around the airstrip in the […]

The post Belt and Road paving way for China’s military presence in SE Asia appeared first on Asia Times.

South Korea’s maiden flight test of a domestic hypersonic glide vehicle highlights an accelerating bid to field counterstrike assets capable of bolstering autonomous deterrence against North Korea’s expanding nuclear threat. This month, multiple media outlets reported that South Korean President Lee Jae-myung oversaw the country’s first test launch of a domestically developed hypersonic glide vehicle, […]

The post South Korea’s hypersonic leap runs into North Korea’s nuclear wall appeared first on Asia Times.

TOKYO – For decades, the US enjoyed a remarkable luxury: its two biggest creditors, Japan and China, kept showing up at Treasury auctions with checkbooks open. Now, Donald Trump’s trade wars, tariff threats and widening geopolitical confrontations raise an uncomfortable question: what happens if Washington’s most reliable bankers decide they’ve had enough? Granted, global investors […]

The post When Asia’s central banks turn bond vigilante on Trump appeared first on Asia Times.

The American withdrawal from Iraq is not an end but a strategic pivot, a calculated transition from direct occupation to remote containment. By pressuring Iraq to disarm its resistance groups, Washington aims to neutralize Iran’s forward defense line and clear the battlefield for a potential full-scale confrontation with Tehran. This gambit risks either delivering Iraq […]

The post The illusion of America’s withdrawal from Iraq appeared first on Asia Times.

It’s getting better all the time (Better, better, better) It’s getting better all the time I admit it’s getting better –The Beatles In an X post, Marko Jukic, senior analyst at Bismarck Analysis, lamented: “Enshittification” is sort of a “safe horny” term for what is really just outright impoverishment and declining living standards due to […]

The post US enshittification vs Chinese involution appeared first on Asia Times.

Washington is limiting the parts it licenses to the Commercial Aircraft Corp of China (Comac), the maker of the C919 passenger jet, triggering fears among Chinese pundits that it could ban the US-made engines the jet relies on. The Trump administration has been using China’s reliance on US aviation suppliers as leverage in trade talks, […]

The post For rare earth leverage, US caps aircraft parts licenses to China appeared first on Asia Times.

Paul Krugman is the greatest econ writer in the world, and also a legendary economist. But I sometimes feel that he has a blind spot when it comes to the value of new technologies. In 1998 he famously wrote: The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that […]

The post What the AI boom is actually doing for Americans appeared first on Asia Times.

Hydrogen-powered passenger cars have been left far behind by electric vehicles and hybrids, but the hydrogen truck market is growing and new technology developed for auto racing is keeping hopes for hydrogen cars alive. Toyota and its European partners are in the vanguard of these developments. On September 26 and 27, at the FIA World […]

The post Behind in EVs, Toyota powering ahead with hydrogen vehicles appeared first on Asia Times.