Latest news with #chipmaking
Zawya
2 days ago
- Business
- Zawya
Indonesia targets foreign investment with new AI roadmap, official says
JAKARTA - Indonesia will finish work next month on its first national strategy on artificial intelligence in a bid to attract foreign investment, an official said, as Southeast Asia's largest economy looks to join the global AI and chip-making race. The move follows neighbouring Malaysia's push to establish itself as a regional hub for AI development, securing billions of dollars from global tech firms seeking to build critical infrastructure to meet growing demand for cloud and AI services. Indonesia's AI roadmap will be the first comprehensive AI document in the country, the fourth largest in the world by population, since a smaller ethics guideline in 2023, Deputy Minister of Communications and Digital Nezar Patria told Reuters in an interview at his office on Monday. "The roadmap will help AI developers navigate (Indonesia's market), including on infrastructure and also on computational clusters," he said, adding that it would detail AI adoption in sectors such as health and agriculture. Nezar said the roadmap was designed to establish the country's AI ecosystem. "This will give an idea to investors about the potential of AI use in Indonesia," he said. "We're hoping they are interested in investing their capital in Indonesia." An April report by Boston Consulting Group said ASEAN nations were positioned for substantial AI-driven gains, with GDP contributions ranging from 2.3% to 3.1% by 2027, and Indonesia projected to see the highest impact in terms of absolute gross domestic output growth. But despite some investments, development has been slow in Indonesia compared to other parts of the region. Nvidia was involved with Indonesia's biggest tech company GoTo Gojek Tokopedia for a large language model service last year, and supplied its chips to the telecommunications company Indosat. Microsoft also said last year it would invest $1.7 billion over the next few years into expanding cloud services and AI in Indonesia. "We're opening up to all global tech companies to get into the industry of AI development in Indonesia," Nezar said. Separately, Indonesia is also pitching foreign firms on its critical minerals, which are needed for hardware development, in order to secure a bigger share of the global semiconductor supply chain, he added. Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations. Washington has sought to find alternative suppliers to China, which dominates the sector but in April added some rare earths to its export restriction list in retaliation for U.S. tariffs. Damar Juniarto, an analyst from research centre PIKAT Demokrasi, which monitors AI safety in Indonesia, said the country was not ready to be an AI developer owing to a lack of infrastructure such as chips, and a lack of AI skills in the workforce. Nezar said there remained risks of misinformation, intellectual property and data leaks. He did not detail how the roadmap would address those issues.
CNA
2 days ago
- Business
- CNA
Indonesia targets foreign investment with new AI roadmap, official says
JAKARTA: Indonesia will finish work next month on its first national strategy on artificial intelligence in a bid to attract foreign investment, an official said, as Southeast Asia's largest economy looks to join the global AI and chip-making race. The move follows neighbouring Malaysia's push to establish itself as a regional hub for AI development, securing billions of dollars from global tech firms seeking to build critical infrastructure to meet growing demand for cloud and AI services. Indonesia's AI roadmap will be the first comprehensive AI document in the country, the fourth largest in the world by population, since a smaller ethics guideline in 2023, Deputy Minister of Communications and Digital Nezar Patria told Reuters in an interview at his office on Monday (Jul 22). "The roadmap will help AI developers navigate (Indonesia's market), including on infrastructure and also on computational clusters," he said, adding that it would detail AI adoption in sectors such as health and agriculture. Nezar said the roadmap was designed to establish the country's AI ecosystem. "This will give an idea to investors about the potential of AI use in Indonesia," he said. "We're hoping they are interested in investing their capital in Indonesia." An April report by Boston Consulting Group said ASEAN nations were positioned for substantial AI-driven gains, with GDP contributions ranging from 2.3 per cent to 3.1 per cent by 2027, and Indonesia projected to see the highest impact in terms of absolute gross domestic output growth. But despite some investments, development has been slow in Indonesia compared to other parts of the region. Nvidia was involved with Indonesia's biggest tech company GoTo Gojek Tokopedia for a large language model service last year, and supplied its chips to the telecommunications company Indosat. Microsoft also said last year it would invest US$1.7 billion over the next few years into expanding cloud services and AI in Indonesia. "We're opening up to all global tech companies to get into the industry of AI development in Indonesia," Nezar said. Separately, Indonesia is also pitching foreign firms on its critical minerals, which are needed for hardware development, in order to secure a bigger share of the global semiconductor supply chain, he added. Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations. Washington has sought to find alternative suppliers to China, which dominates the sector but in April added some rare earths to its export restriction list in retaliation for US tariffs. Damar Juniarto, an analyst from research centre PIKAT Demokrasi, which monitors AI safety in Indonesia, said the country was not ready to be an AI developer owing to a lack of infrastructure such as chips, and a lack of AI skills in the workforce.
Yahoo
2 days ago
- Business
- Yahoo
Indonesia targets foreign investment with new AI roadmap, official says
By Stanley Widianto JAKARTA (Reuters) -Indonesia will finish work next month on its first national strategy on artificial intelligence in a bid to attract foreign investment, an official said, as Southeast Asia's largest economy looks to join the global AI and chip-making race. The move follows neighbouring Malaysia's push to establish itself as a regional hub for AI development, securing billions of dollars from global tech firms seeking to build critical infrastructure to meet growing demand for cloud and AI services. Indonesia's AI roadmap will be the first comprehensive AI document in the country, the fourth largest in the world by population, since a smaller ethics guideline in 2023, Deputy Minister of Communications and Digital Nezar Patria told Reuters in an interview at his office on Monday. "The roadmap will help AI developers navigate (Indonesia's market), including on infrastructure and also on computational clusters," he said, adding that it would detail AI adoption in sectors such as health and agriculture. Nezar said the roadmap was designed to establish the country's AI ecosystem. "This will give an idea to investors about the potential of AI use in Indonesia," he said. "We're hoping they are interested in investing their capital in Indonesia." An April report by Boston Consulting Group said ASEAN nations were positioned for substantial AI-driven gains, with GDP contributions ranging from 2.3% to 3.1% by 2027, and Indonesia projected to see the highest impact in terms of absolute gross domestic output growth. But despite some investments, development has been slow in Indonesia compared to other parts of the region. Nvidia was involved with Indonesia's biggest tech company GoTo Gojek Tokopedia for a large language model service last year, and supplied its chips to the telecommunications company Indosat. Microsoft also said last year it would invest $1.7 billion over the next few years into expanding cloud services and AI in Indonesia. "We're opening up to all global tech companies to get into the industry of AI development in Indonesia," Nezar said. Separately, Indonesia is also pitching foreign firms on its critical minerals, which are needed for hardware development, in order to secure a bigger share of the global semiconductor supply chain, he added. Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations. Washington has sought to find alternative suppliers to China, which dominates the sector but in April added some rare earths to its export restriction list in retaliation for U.S. tariffs. Damar Juniarto, an analyst from research centre PIKAT Demokrasi, which monitors AI safety in Indonesia, said the country was not ready to be an AI developer owing to a lack of infrastructure such as chips, and a lack of AI skills in the workforce. Nezar said there remained risks of misinformation, intellectual property and data leaks. He did not detail how the roadmap would address those issues. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
ASML Stock: Strong Q2, but 2026 Growth Outlook Underwhelms
ASML Holding N.V. (NASDAQ:ASML) is one of the . ASML reported its second-quarter earnings on Wednesday, July 16th. Investors were hopeful that the chip-making equipment supplier would have bookings robust enough to support its 2026 growth ambitions The company itself said at an investor event last November that it saw 2026 as a growth year. However, it didn't mention how much growth it anticipated. According to several analysts, ASML is having a 'make or break' quarter for the company, which will seemingly determine its course for the rest of the year. 'ASML would need to double our second-quarter order estimates (of 5.3 billion euros) to comfort our 2026 revenue forecast.' -Barclays analyst Simon Coles told Reuters on July 15th. On July 16th, the company reported net sales of 7.7 billion euros ($8.95 billion) in the second quarter, ahead of estimates. Despite beating top and bottom line expectations for the second quarter, the company warned that it may not achieve growth in 2026, explaining that geopolitical uncertainty continues to cloud its prospects. A financial analyst monitoring the growth of an underlying index in the U.S. market. "Looking at 2026, we see that our AI customers' fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage." ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing. While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
ASML sees share price drop as Trump's tariffs darken outlook
Supplier of chipmaking equipment ASML retracted its growth forecast for the coming year on Wednesday, sending shares down around 7% in morning trading in Amsterdam. 'The level of uncertainty is increasing, mostly due to macroeconomic and geopolitical considerations. And that includes, of course, tariffs,' said CEO Christophe Fouquet. 'Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.' The warning came despite the fact that the Dutch firm saw sales and bookings rise above analysts' expectations during the second quarter. Sales rose 23% to €7.7 billion, while net bookings came in at €5.5bn. Net income was at €2.3bn. For the third-quarter, ASML predicted net sales between €7.4bn and €7.9bn, falling short of estimates, and a gross margin between 50% and 52%. The firm also forecast 15% revenue growth for the year ahead. A boom in artificial intelligence is fuelling demand for ASML's semiconductor-making machines, which are needed to power AI technologies. Last week, chipmaker Nvidia — a firm that relies on ASML products — became the first company in the world to reach a market value of $4 trillion. So far, the extent to which ASML will be affected by US tariffs and retaliatory duties is unclear. Semiconductors are currently exempt from Trump's duties although it's not yet known whether chipmaking machines will receive the same leniency. Related Nvidia to sell H20 chips to China again after US gives export approval Dutch court convicts man for sharing sensitive knowledge from tech giant ASML with person in Russia Easing tensions between the US and China are also helping Nvidia, which in turn bodes well for ASML. On Tuesday, Nvidia said it would start selling its H20 AI chip in China again after the Trump administration relaxed export restrictions. The move is a U-turn for the government, which in April banned sales of the chip to China, linked to concerns that the technology could be used for military purposes. ASML also faces restrictions on sending certain advanced products to China. There has been no suggestion that these measures, imposed by the Dutch government, will be lifted. 'ASML cites the macroeconomic environment and tariffs having an impact on the orders. More specifically, it is more likely uncertainty from China, memory capex uncertainty and the struggles at Intel and Samsung that are more likely to be hampering things,' said Ben Barringer, global technology analyst at Quilter Cheviot. Intel and Samsung, two ASML customers, are facing financial headwinds, with the latter reporting its first fall in profit in around two years last week. Barringer continued: 'Ultimately, this is a speed bump for what remains a high-quality company. It still has a big backlog so growth should still pull through'. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
