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The G20 energy ministers are meeting in Goa, India, this week to discuss energy security and climate change. The talks have been dominated by disagreements over renewable energy targets, with some of the world's biggest fossil fuel producers opposing a proposal to triple G20 countries' renewable energy capacity by 2030. The stakes are high, as the outcome of the meeting could have a major impact on the global effort to reduce greenhouse gas emissions and address climate change. It is important to watch the talks closely and to hold the ministers accountable for their actions.

Globetronics expects challenges in semiconductor industry due to macroeconomic issues. Q2 2023 net profit dropped to RM7.08mil, revenue dipped to RM31.51mil. Anticipates declining profitability, takes measures to minimize disruptions. 

WasteX, a climate-tech firm, is accelerating the adoption of biochar in the Philippines. Biochar, derived from biomass, enhances soil quality, mitigates climate change through carbon storage, and serves as a fertilizer. Successful tests with poultry farms resulted in significant benefits, including reduced chicken mortality, decreased bedding use, increased egg production, and eradication of E. coli bacteria. WasteX plans to expand biochar's use to rice farming and aquaculture, benefiting the climate and agricultural sectors. Government officials and stakeholders support biochar's implementation, and WasteX's dedication is likely to inspire other companies, promising a bright eco-friendly future for biochar in the country. 

The Vietnam defense industry is witnessing rapid growth due to increased military spending, prompting the government to allocate an additional $1 billion to the defense budget in July 2023. This surge in demand for advanced weapons systems has driven the need for hardware components like semiconductors, sensors, and electronic components, providing an opportunity for Vietnam to leverage its strong manufacturing base and skilled engineering workforce to meet these requirements and bolster its defense capabilities.

India is on the path to an electric vehicle (EV) revolution, according to a report by the Confederation of Indian Industry (CII). To accommodate the surge in EV adoption, India will need at least 1.32 million charging stations by 2030. The government's strong support for EVs has led to significant growth in consumer awareness and options, resulting in a threefold increase in EV uptake in 2022 compared to the previous year. The report suggests that if the momentum continues, around 106 million EVs will be sold annually by 2030. To maintain an ideal ratio of 1 charger for every 40 EVs, over 400,000 charging stations will need to be installed each year. This opportunity also positions India to become a global manufacturing hub for charging stations, fostering job creation and exports. The report recommends streamlining the approval process for charging infrastructure, incentivizing domestic manufacturing of EV charging components, and integrating charging networks into urban planning. To reduce dependence on imports, the report proposes offering incentives for domestic production of charging equipment.  
 

Infineon's trust in Malaysia elevates its role in the global semiconductor supply chain. Malaysia's strategic advantages and skilled workforce make it an attractive destination for high-tech investments, contributing to economic growth. Infineon's substantial investment reaffirms Malaysia's potential and importance in the semiconductor industry. 

Taiwan's GHG Emissions Platform (GHEMP) is a centralized platform that helps electronics companies track and manage their greenhouse gas emissions. The platform is currently being used by over 100 electronics companies in Taiwan, and it has the potential to become a global standard.

Chinese battery giant CATL  recorded slower growth in net profit for the second quarter, as the company scrambled to maintain its industry leadership amid intensifying competition in the electric vehicle battery market.

Indian Prime Minister Narendra Modi inaugurated SemiconIndia 2022, a semiconductor conference in Bengaluru, and asserted that India is poised to become a global semiconductor hub. Modi highlighted India's large market, skilled workforce, and favorable government policies as factors contributing to this ambition. The country's consumption of semiconductors is projected to grow significantly, and the government has introduced the Semicon India program to support investments in semiconductor manufacturing and design. Modi invited the global semiconductor industry to partner with India. If successful, India's efforts could boost its economy and job opportunities. 
 

Foxconn Industrial Internet's (FII) plans to invest $200 million in an electronic components plant in Tamil Nadu, India. The subsidiary of Taiwanese electronics manufacturer Foxconn aims to establish the plant near Chennai and complete it by 2024, generating approximately 10,000 jobs. The move is part of India's efforts to become a significant semiconductor manufacturing hub. The Indian government has offered incentives to attract semiconductor companies, and FII is also exploring opportunities in other Indian states. This investment signifies Foxconn's confidence in India's potential and strengthens India's position in the global electronics market.