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TikTok and YouTube cut 4.7 million under-16 accounts in Indonesia

The number arrives with the bluntness of a government tally. TikTok and YouTube have deactivated roughly 4.7 million accounts belonging to children under 16 in Indonesia, the country’s communications minister said on 25 June. The bulk of the cuts came from one platform: TikTok deactivated 4.1 million accounts, while YouTube removed 600,000, according to Communications […]

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South Korean chip shares rally after Micron’s upbeat earnings

South Korean chip stocks rallied on Thursday after Micron Technology reported a record quarter and an upbeat outlook, reviving optimism that demand for AI memory will stay tight well into next year. The benchmark KOSPI rose about 4.1%, with the country’s two memory makers, which together account for more than 55% of the index, doing […]

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Apple’s suppliers are racing to Hong Kong to fund their robot pivot

Two of Apple’s biggest Chinese suppliers are racing to Hong Kong in the same week. Luxshare wants about $3bn, Lingyi just banked $1.1bn. Both are using the cash to pivot from smartphone parts to AI hardware and humanoid robots. The companies that build your AirPods are quietly raising a fortune. This week two of them […]

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South Korea is in talks with Samsung and SK Hynix over a second chip cluster

A presidential adviser says AI demand could pull forward the next phase of fab construction by more than a decade, and that the country needs somewhere to put it. South Korea’s government is in talks with Samsung Electronics and SK Hynix about the next phase of large-scale investment in chip manufacturing, a presidential adviser said […]

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Blackstone plans $30B for Japan AI data centres, and is unbothered by bubble talk

Blackstone plans to invest roughly $30 billion in artificial-intelligence data centres in Japan over the next three to five years, the firm’s president and chief operating officer, Jonathan Gray, told Nikkei in an interview published on Monday. The world’s largest alternative asset manager is in discussions to develop facilities with a combined capacity exceeding one gigawatt, […]

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South Korea’s chip worker bonuses are so large the central bank is treating them as an inflation risk

The semiconductor super-cycle has made South Korea’s chip workers extraordinarily well paid, and the country’s central bank is now worried about what happens when that money hits the wider economy. The Bank of Korea warned this month that performance bonuses at Samsung Electronics and SK Hynix could spread into broader wage increases and add upward […]

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Tencent weighs exit from Marvelous and other Japanese game bets

Tencent Holdings is in talks to walk away from several of the minority stakes it holds in Japanese game studios, among them the Tokyo-listed developer Marvelous Inc., as the company reassesses a global games portfolio it spent years assembling. The discussions, first reported by Bloomberg, would unwind part of a buying spree that ran through the […]

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Indonesia turns to AI to deliver Prabowo’s biggest promises

The most expensive promise Prabowo Subianto made on his way to Indonesia’s presidency was lunch. His free-meals programme, budgeted at roughly $15bn to feed some 83 million children and pregnant women across an archipelago of thousands of islands, is the kind of undertaking that lives or dies on logistics. Now Jakarta wants to point artificial […]

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Korea’s policy chief warns chip windfall could inflate housing

A semiconductor boom is a fine problem for a country to have, until you start asking where the money goes. That is roughly the question South Korea’s top economic policymaker put to the public this week. Kim Yong-beom, who heads policy planning in the presidential office, warned that the windfall from the AI-driven chip surge […]

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Interpol reports a sharp rise in cybercrime and scams across Asia

The figure that reframes the problem is a share, not a sum. In more than half the countries Interpol surveyed for its latest Asia and South Pacific cyber-threat assessment, cybercrime now accounts for around 30% of all crime recorded nationally. That is the line that turns scams and phishing from a category of nuisance into […]

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