US Treasury bonds fell sharply on Wednesday after stronger than expected inflation figures drove yields higher and prompted traders to increase bets on further Federal Reserve interest rate rises. The sell-off followed government data showing consumer prices rose 3.7% in September from a year earlier, accelerating from 3.4% in August and exceeding economists’ expectations of 3.6%. The figures complicated the Federal Reserve’s assessment of whether additional monetary […]
An Arab expatriate was injured when debris from an intercepted Houthi ballistic missile struck a residential property and vehicle in Riyadh on Wednesday, Saudi Arabia’s Civil Defence said. The General Directorate of Civil Defence confirmed that Saudi air defence systems intercepted and destroyed the missile launched by Yemen’s Houthi militia on October 14. Fragments subsequently fell in a residential area, causing limited material damage to a house […]
Arabian Post Staff -Dubai GFH Partners has completed the $151 million sale of a major logistics distribution facility near Chicago to Michelin North America, marking its fourth exit from its United States industrial and logistics portfolio. The Dubai International Financial Centre-based investment manager said the transaction involved a two-million-square-foot distribution centre and adjoining land in Wilmington, Illinois. The property was sold in partnership with Silver Creek Development, […]
Arabian Post Staff -Dubai Dubai is studying an integrated underground transport network to carry passengers, goods and services as part of a wider strategy to develop a three-dimensional mobility system spanning roads, airspace and subterranean infrastructure. Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), disclosed the initiative during the Mohammed bin Rashid Leadership Forum on […]
BYD’s premium Denza brand is considering establishing its own vehicle-financing operation in Europe as early as 2027, a move that would extend its challenge to established luxury carmakers beyond vehicle design, technology and pricing. The proposal remains under consideration rather than a confirmed launch. Details of its ownership, regulatory structure, potential banking partners and initial markets have not been publicly established. Any financing business would have to […]
Abu Dhabi Investment Authority is considering an anchor investment in Zetwerk’s forthcoming stock market flotation, as the Bengaluru-based manufacturing platform prepares to open institutional bidding on Wednesday. The sovereign wealth fund is among more than 30 domestic and international investors examining participation in the offering, according to people familiar with the discussions. No allocation to ADIA has been confirmed, and expressions of interest do not guarantee an […]
British travellers visiting Jeddah, Dammam or most Saudi airports could jeopardise their travel insurance after the UK government expanded its warnings amid missile and drone attacks on the kingdom. The Foreign, Commonwealth & Development Office (FCDO) now advises against all but essential travel to both cities and every airport in Saudi Arabia except Medina International Airport. The updated guidance, issued on 11 October, remained current on Tuesday. […]
MANILA/JAKARTA – Media OutReach Newswire – 13 October 2026 – VinFast has announced a special incentive package of up to US$60,000 for each new electric motorcycle showroom opened by its dealer partners in the Philippines and Indonesia. The program is designed to help local businesses tap into the strong growth potential of the electric motorcycle market, while making VinFast’s smart electric motorcycles more accessible to consumers.
A VinFast e-motorcycle showroom at SM Mall of Asia in the Philippines, part of the company’s growing dealer network across Southeast Asia.
Under the program, dealer partners that open new VinFast electric motorcycle showrooms in the Philippines and Indonesia by December 31, 2026, will receive basic support of up to US$40,000 per location, depending on the showroom’s size, floor area, and dealership standards. Showrooms that open by October 31, 2026, will qualify for an additional incentive of up to US$5,000 per location. Finally, partners that open three or more stores will also receive an additional incentive of up to US$15,000 per location.
The program is designed not only to create new business opportunities for dealer partners, but also to encourage more consumers to switch to greener transportation and help protect the environment. Through this initiative, VinFast continues to advance its goal of accelerating the shift toward greener, cleaner, and quieter mobility.
VinFast is committed to providing dealer partners with comprehensive support, from business consulting and marketing strategies to professional training, helping them get their operations up and running quickly. This support will also ensure that dealerships across the network follow VinFast’s standards for brand identity, showroom design, operating procedures, and customer service.
By joining the VinFast network, partners will have the opportunity to offer high-quality battery-swapping electric motorcycles that are safe, reliable, environmentally friendly, and suited to a wide range of customer needs, initially including the Evo, Feliz II, and Viper. Partners can also benefit from VinFast’s supporting infrastructure, including its continuously expanding service and warranty facilities, as well as support policies for service workshops. This will provide a solid foundation for dealer partners to confidently deploy services, enhance the customer experience, and strengthen the competitiveness of their products in the market.
Ms. Vo Thi Cam Tu, Managing Director of VinFast E-scooter Overseas Markets, said: “Expanding our dealer network is an important part of VinFast’s strategy to build an electric motorcycle ecosystem in international markets. We are looking to partner with businesses that share our long-term vision for green mobility, while giving dealers the support they need to make the most of their strengths within the VinFast network. From developing showrooms to running day-to-day operations and serving customers, VinFast will continue to work closely with our partners to build a stronger electric motorcycle network.”
The expansion of the electric motorcycle dealer network is part of VinFast’s broader plan to expand its distribution network in the Philippines and Indonesia, with the company targeting hundreds of stores in the two markets, respectively, by the end of 2026. As of September 2026, VinFast has 63 electric motorcycle dealerships operating in Indonesia and the Philippines. Going forward, VinFast will continue to expand its presence and bring its electric vehicle products and services closer to consumers across Southeast Asia, supporting the region’s transition to greener, smarter, and more modern mobility./.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
By Arun Srivastava Antonio Gramsci in his Prison Notebooks (written between 1929 and 1935) explains how a ruling class maintains power not through military or physical force (coercion), but through ideology, culture, and consent (hegemony). He argued that the capitalist state is divided into two spheres: political society (which uses force, like the police and […]
Thyssenkrupp Automotive Technology has inaugurated an engineering centre in Pune, expanding its international research network for vehicle software, electronic systems and advanced chassis technology.
The German automotive supplier said the facility, formally inaugurated on 8 October, already employs more than 120 engineers and is expected to increase its workforce to more than 300 over the coming years. It did not specify a deadline for reaching that target or disclose the investment involved.
Engineers at the Pune centre are working on software, hardware, systems engineering and mechanical development for customers internationally. Their responsibilities include embedded software, functional safety, cybersecurity and technologies associated with the next generation of steering and chassis systems.
The operation will collaborate with Thyssenkrupp’s development teams in other countries throughout product development, rather than concentrating exclusively on projects for the domestic vehicle market. The company described the facility as an integrated part of its global research and development organisation.
Viktor Molnar, chief operating officer of Thyssenkrupp Automotive Technology, said software, electronics and collaboration between engineering teams across countries were becoming increasingly important to the automotive industry. The Pune operation would provide additional development capacity for customers worldwide, he said.
The expansion reflects changes in vehicle engineering as software increasingly controls functions previously handled primarily through mechanical components. Steering and chassis systems now require developers to coordinate electronic hardware, embedded code and physical components while meeting stringent safety and security requirements.
Functional safety work concerns the identification and control of hazards arising from failures in electrical and electronic systems. Cybersecurity engineering addresses vulnerabilities that could expose connected vehicle functions to interference or unauthorised access. Both are integral to the development of more digitally controlled automotive systems.
The Pune engineers will contribute to customer programmes at different stages of development, including systems design and integration. Thyssenkrupp has not identified individual vehicle manufacturers whose programmes will be handled at the new location, nor has it disclosed specific contracts associated with the expansion.
Björn Erbe, a senior research and development executive in Thyssenkrupp Automotive Technology’s chassis business, said the intention was to establish a significant engineering operation integrated with the group’s international teams. Combining expertise based in Pune with the company’s existing technical resources would enable it to expand development activities, he said.
The centre is situated at Solitaire Business Hub 2 in Pune’s Baner-Balewadi business district. The company identified the city’s established automotive manufacturing sector, universities, engineering businesses and availability of software specialists as factors behind its choice of location.
Recruitment is expected to concentrate initially on software, hardware and mechanical engineering, with specialist capabilities added according to technical needs and customer demand. The company has also indicated that it sees opportunities to work with universities and the wider engineering community in Pune.
The company’s move also places engineering functions and prospective customer engagement in the same city, although it has not yet publicly said whether the new sales organisation will operate from the engineering premises. The plans for sourcing and sales are separate from the confirmed staffing figures for the development centre.
The engineering investment forms part of a broader plan to expand Thyssenkrupp Automotive Technology’s activities in India. The company is strengthening its sourcing operations and establishing a sales team in Pune to build relationships with vehicle manufacturers and pursue business locally.
Manufacturing is not included in the newly inaugurated engineering centre. Thyssenkrupp said it envisages establishing production capabilities in India only if it secures suitable customer projects. No factory location, investment commitment or production timetable has been announced.
The distinction means the confirmed expansion concerns engineering capacity, while local manufacturing remains conditional on commercial demand. The company has similarly not given a precise timetable for the next phase of staffing at the Pune development site.
Plans for the facility were first announced in 2025, and engineering operations were progressively established before the formal opening. The inauguration therefore marks an expansion of an existing development team rather than the beginning of work at an entirely unstaffed location.
Thyssenkrupp’s steering business also announced a partnership with L&T Technology Services in June 2025 for a Pune software development hub dedicated to safety-critical steering applications. That agreement provided for L&T Technology Services to establish and manage the hub on the steering business’s behalf. The latest inauguration announcement did not specify whether the two Pune operations share facilities or personnel.
China’s rapidly expanding hybrid vehicle exports to the European Union face new restrictions following a trade understanding between Beijing and Brussels, potentially disrupting a market worth $7.5 billion in the first six months of 2026. Chinese customs figures show shipments to the EU’s 27 member states tripled from $2.5 billion during the corresponding period last year. The half-year total was nearly nine times the $845 million recorded […]
China’s passenger vehicle retail sales fell 24% in September from a year earlier, underscoring persistent weakness in domestic demand despite a seasonal recovery in purchases.
Preliminary figures released by the China Passenger Car Association on Saturday showed that retail deliveries totalled 1.702 million vehicles, compared with approximately 2.24 million during September 2025. Sales nevertheless increased 10% from August, reflecting a month-end improvement that failed to offset the substantial annual decline.
New-energy vehicle sales, covering battery-electric and plug-in hybrid models, declined 12% year on year to 1.141 million units. However, deliveries rose 14% from August, demonstrating stronger monthly momentum than the overall passenger vehicle market.
Electrified vehicles accounted for 67.1% of passenger vehicle retail sales during September, highlighting their growing dominance even as total purchases weakened. Their share of manufacturer wholesale deliveries reached 66.1%, according to the association.
The figures reveal a widening divergence between domestic consumer purchases and manufacturers’ distribution volumes. Passenger vehicle wholesale sales reached 2.528 million units, declining 10% annually but increasing 7% from August.
New-energy vehicle wholesale deliveries performed considerably better, rising 11% year on year to 1.672 million units. They also increased 11% from August, indicating that manufacturers maintained comparatively strong shipments despite softer domestic retail demand.
For the first nine months of 2026, cumulative passenger vehicle retail sales reached 13.418 million units, representing a 21% contraction against the corresponding period last year. The sustained decline illustrates the difficulty facing manufacturers seeking to stimulate purchases in the world’s largest automotive market.
New-energy vehicle retail sales totalled 7.816 million units between January and September, falling 12% annually. Their comparatively smaller contraction helped increase their proportion of overall passenger vehicle purchases.
Wholesale passenger vehicle deliveries reached 19.711 million units during the nine-month period, down 6% from a year earlier. New-energy wholesale shipments, however, increased 9% to 11.45 million units, reinforcing the contrast between production distribution and domestic retail activity.
The association’s figures suggest that electrification continues to reshape market demand without generating sufficient additional purchases to reverse the broader contraction.
Traditional petrol-powered vehicles faced particularly difficult conditions. The association identified higher fuel prices and changing consumer preferences as factors weighing on demand for conventional models.
It also observed that September, normally a stronger selling period for China’s automotive industry, had produced an unusually uneven performance. Manufacturers were competing for existing customers rather than benefiting from a substantial expansion in overall demand.
The industry body’s assessment indicated that gains were concentrated overwhelmingly among new-energy vehicles, while conventional petrol-powered models struggled to attract additional buyers.
Competition has intensified as manufacturers attempt to defend market positions, sustain factory utilisation and meet delivery targets. The association noted that many new-energy brands lacked particularly strong-selling models, complicating efforts to maintain sales momentum.
Dealerships also faced mounting operating pressure despite relatively low inventories. The association highlighted tensions across the automotive supply chain, where manufacturers, suppliers and retailers were experiencing differing financial conditions.
September’s final days nevertheless provided an important boost to deliveries. New-energy retail sales had reached approximately 827,000 units during the first 27 days, representing a 20% annual decline.
The full-month total of 1.141 million indicates that roughly 314,000 additional vehicles were sold during the final three days, substantially narrowing the annual contraction.
That acceleration lifted the new-energy share of passenger vehicle retail sales above the 65.7% recorded during the month’s first 27 days.
The figures also underline the importance of distinguishing wholesale deliveries from purchases by domestic motorists. Wholesale volumes include vehicles distributed through manufacturers’ sales channels and exports, while retail figures more directly reflect domestic consumer demand.
The stronger wholesale performance therefore does not necessarily indicate a corresponding improvement in purchasing conditions within China.
The association’s preliminary statistics cover September 1 to 30 and form part of its regular monitoring of passenger vehicle market activity.
Its assessment places particular emphasis on the contrasting performance of conventional and electrified vehicles, alongside the differences between manufacturers’ shipments and dealership sales.
The September figures also showed that new-energy vehicles represented nearly two-thirds of manufacturer wholesale volumes, broadly consistent with their dominant position in domestic retail purchases.
The association published the figures as part of its market review covering September 28 to 30, incorporating preliminary estimates for the completed month.
Elon Musk has said Tesla and SpaceX could eventually manufacture semiconductors better than established producers, arguing that their experience designing specialised industrial equipment could give their planned Terafab factory an advantage. Speaking by livestream at Saturday’s X Takeover gathering outside Tesla’s Gigafactory in Austin, Texas, Musk acknowledged that semiconductor production would be exceptionally difficult and offered no timetable for achieving his ambition. “I think it is accurate […]
Delhi police detained more than 1,500 people, including prominent youth movement leaders, on Saturday as authorities imposed extensive security restrictions across the capital to prevent a demonstration demanding the resignation of Chief Election Commissioner Gyanesh Kumar.
Cockroach Janta Party (CJP) founder Abhijeet Dipke and senior organisers Saurav Das and Ashutosh Ranka were detained at Indira Gandhi International Airport after arriving from Mumbai. Their detention followed overnight police operations targeting supporters preparing to assemble at Jantar Mantar.
Thousands of police and paramilitary personnel were deployed across New Delhi, with barricades, vehicle inspections, transport restrictions and mobile internet disruptions affecting movement through several districts. Security arrangements extended to railway stations, major intersections and roads leading towards the proposed demonstration.
Police maintained that the gathering had not received official permission and that preventive measures were necessary to protect public order. Organisers accused authorities of attempting to suppress peaceful dissent over disputed revisions to electoral rolls.
The protest, organised under a campaign to safeguard democracy, sought Kumar’s removal following allegations that the Election Commission’s Special Intensive Revision of voter lists had excluded substantial numbers of eligible voters.
The commission has rejected accusations of partisan manipulation, maintaining that electoral roll verification is intended to identify inaccuracies and ensure that voter registers remain accurate. It has also pointed to procedures allowing eligible citizens to challenge exclusions and seek reinstatement.
Police confirmed that detentions occurred across several districts, including areas near transport terminals and Delhi’s borders. The number of people detained increased throughout Saturday as officers intercepted groups attempting to reach central Delhi.
Dipke, Das and Ranka were subsequently taken to separate locations. Dipke was moved towards Gurugram, Ranka to Dwarka and Das to another location within Delhi, according to information emerging after their detention.
The CJP condemned the action against its leadership and maintained that its supporters were exercising their constitutional right to protest. Videos circulated by the organisation showed its leaders confronting officers aboard an aircraft and raising slogans before being escorted away.
The Delhi Police had refused permission for the Jantar Mantar gathering, citing concerns about public safety, traffic disruption and compliance with regulations governing demonstrations. Authorities said previous conduct by organisers had contributed to their assessment of potential risks.
The Union Ministry of Home Affairs had alerted state governments and Union Territories to possible disturbances associated with the planned mobilisation. Its communication called for coordination with Delhi Police, intelligence sharing and preventive action under applicable laws.
Security personnel established checkpoints along major approaches to the capital, while restrictions at metro stations complicated journeys for commuters. Traffic diversions were introduced around sensitive government installations and routes associated with the proposed rally.
Mobile internet services were suspended in parts of central Delhi, adding to disruption caused by transport controls. Railway operations also faced restrictions, with some services delayed or cancelled amid the security arrangements.
Opposition politicians criticised the detentions, arguing that denying permission for the gathering and restricting movement undermined the right to peaceful assembly. Government supporters defended the precautions as necessary to prevent disorder and disruption to essential services.
The controversy centres on the Special Intensive Revision, an electoral verification exercise that opposition parties allege has resulted in the removal of legitimate voters from official lists.
Critics have cited figures suggesting that approximately 130 million electoral entries were affected by revisions, although the circumstances and validity of individual deletions remain contested. The figure does not establish that an equivalent number of eligible citizens were unlawfully disenfranchised.
Opposition parties contend that the exercise could disadvantage particular communities and alter electoral competition. The Election Commission denies political bias and maintains that verification procedures operate within the established electoral framework.
The dispute has sharpened scrutiny of election administration ahead of state assembly contests scheduled for 2027. Opposition representatives have demanded greater transparency concerning deletions, verification procedures and opportunities for affected voters to appeal.
The CJP has attracted support from students, activists and digital campaigners who have questioned the handling of electoral records. Its mobilisation has also drawn participation from opposition groups, although their political affiliations and demands are not identical.
Police deployments included specialised units assigned to crowd management and the protection of sensitive locations. Officers used loudspeakers to warn prospective demonstrators against entering restricted areas without authorisation.
Jantar Mantar, a designated venue for public demonstrations near Parliament, remained under heavy security throughout Saturday. Small groups nevertheless attempted to assemble at scattered locations, prompting further interventions by police personnel.
Authorities also monitored movement around accommodation facilities and transport hubs used by visitors arriving for the demonstration. Additional security checks remained in place at major entry points to central Delhi.
Arabian Post Staff -Dubai SoftBank Group chief executive Masayoshi Son is seeking up to $100 billion from Gulf investors for a proposed fund that would acquire businesses and transform their operations using artificial intelligence. The fundraising discussions are at an early stage, with senior figures in the United Arab Emirates among those approached. No commitments or final agreements have been announced, and there is no assurance that […]
China’s DEEP Robotics has tested waterproof humanoid robots at busy intersections in Hangzhou, deploying machines to direct traffic, identify road violations and assist tourists during persistent rainfall. The trials, conducted during the National Day holiday in early October, involved several DR02 humanoid robots operating across Xihu District in eastern China’s Zhejiang province. The company said the exercise examined whether autonomous machines could undertake routine roadside duties while […]
By Dr. Nilanjan Banik The public argument over Tata Sons has been told as a story of power: a board and a set of trusts pulling in different directions, a regulator applying pressure from outside. Lost in that framing is the party with the least say and the most at stake, the ordinary investor. This […]
HeyPolo has expanded its family safety app with driving features that let parents view a teenager’s driving behaviour, receive crash alerts and track journeys while giving the driver control over what data is shared. The app now combines a Driving Safety Score with information on speeding, phone use, harsh braking, rapid acceleration and cornering. Trip playback, real-time location sharing and arrival alerts are also available within the […]
Arabian Post Staff -Dubai Israel’s Supreme Court has unanimously restored the country’s two main Arab electoral lists to the October 27 parliamentary ballot, overturning disqualifications imposed by the Central Elections Committee before voting this month. The court ruled that neither Ra’am nor the Joint List met the stringent legal threshold required to exclude a political list from a Knesset election. The decision preserves the principal electoral vehicles […]
SHENZHEN, CHINA – Media OutReach Newswire – 3 October 2026 – Huawei hosted an international media roundtable today featuring Richard Yu, Executive Director, Chairman of the Investment Review Board, and Chairman of the Board of Directors of the Consumer BG. Yu shared comprehensive insights into Huawei’s consumer business and HarmonyOS ecosystem.
Richard Yu joined Huawei in 1993, working on early developments like the first-generation program-controlled switch and participating in the establishment of Huawei’s wireless communications business, which started with GSM. Over the past decade, Yu has led Huawei’s consumer business with the vision to deliver a seamless AI life experience to all consumers across five key scenarios: HIMA-powered Smart Travel, HarmonyOS Office, Smart Home, Fitness & Health, and Entertainment, which he said is also the long-term strategy for Huawei’s consumer business over the next 10 years.
Between 2007 and 2025, Huawei invested more than CNY1.8 trillion into R&D shifting from roughly 10% of annual revenue in early years to over 20% recently. Huawei has continued to increase investment into the core technologies of the ICT domain and basic research, which has translated into robust core capabilities, extensive intellectual property, and a vast patent portfolio, and helped with achieving a series of breakthroughs in technological innovation.
The Mate 90 series smartphones Huawei just launched come with the latest Kirin 9050 Pro chip. The overall device performance is 31% higher than the previous generation. The Balong modem, image sensor processor (ISP), mobile security processor (MSP), Lingxi CPU, Maleoon GPU, and the NPU that adopts Huawei’s Da Vinci architecture for AI processing are all designed by Huawei. They offer higher energy efficiency and deliver much-improved overall system-level performance.
Even though Yu admitted that Huawei has limited access to advanced semiconductor processes, Huawei recently made a new breakthrough in the semiconductor domain – the LogicFolding technology under the Tau Scaling Law. Unveiled by He Tingbo, head of Huawei’s Semiconductor Business Department this May, this technology vertically stacks the logic layers of chips and restructures the circuit layout through inter-layer high-density interconnect to shorten critical paths and reduce latency. This technology was adopted on Kirin 9050 Pro chip, which shows very strong AI processing power. The Mate 90 series powered by this chip can run a 30B MoE on-device AI model.
In the AI domain, Yu talked about the Ascend compute foundation that Huawei provides, by remarking Huawei’s large models called openPangu, AI capabilities for intelligent driving, and HarmonyOS Celia, which is similar to Gemini in the Google Android ecosystem. Huawei is also using AI to improve the O&M of communications network equipment. By combining AI computing power with domestic open-source large models, Huawei’s vision is to help enterprises and industries around the world to become more productive and bringing more convenience to everyone.
In the past years, Huawei has launched a broad series of products and solutions, including smartphones, PCs, tablets, wearables, TWS audio products, Smart TVs, home routers, smart home control solutions, as well as intelligent electric vehicles together with partners. Underlying these products and solutions are Huawei’s chip hardware platform and HarmonyOS – another OS ecosystem after iOS from Apple and Android from Google that Huawei developed to support all the smart devices and smart hardware across all scenarios.
Development of HarmonyOS began in 2019. Before that, Huawei was a major contributor to the Android community as well as the entire Android ecosystem. Now, more than 90 million devices, including smartphones, PCs, and tablets, currently run on HarmonyOS 6 and HarmonyOS 7. This figure is expected to hit the 100 million mark by the end of this year. The number of apps and services in the HarmonyOS ecosystem has already exceeded 450,000. Its global registered developer count has reached 11 million, and Huawei now has over 23,000 app innovation partners. Expressing his special thanks to all partners and developers for their trust and support, Yu also pointed out that Huawei is considering gradually bringing HarmonyOS to the global market in the future.
Globalization is another topic of the conversation. Yu mentioned that Huawei had very good collaboration with many companies from the US, Europe, Japan, South Korea, and Taiwan, delivering huge business value and benefits to those partners. When it comes to the difficulties that Huawei overcame since 2019, Yu said that relying on homegrown technologies and capabilities, Huawei gradually designed its own operating system and developed basic tools and software by themselves, putting a domestic supply chain in place. In 2023, Huawei started to manufacture the chips used by smartphones domestically again. With these chips and HarmonyOS, and by relying on China’s domestic supply chain, materials, and process nodes, Huawei has basically gotten rid of the dependence on US technologies.
While Huawei’s global market share was once No. 1, nowadays it only sells several million units of smartphones outside China every year. However, Yu revealed that Huawei is trying to return to the overseas market step by step.
Taking wearables as an example, Huawei is No. 1 in terms of the market share both in China and globally. Other innovative products such as TWS earphones, are also growing fast and have reached No. 1 in many countries. While Huawei’s tablet and PC business was greatly affected after it was denied access to Windows and Intel x86 chips, the HarmonyOS-based tablets are now performing strongly. Another example would be CPE, which is a mobile router that provides connectivity to the unconnected in remote and rural areas. These products are also very well received across many regions outside China, helping more people connect to the rest of the world and live better lives.
Question: Both the Huawei XT 2 and the two most advanced models of the Mate 90 series use a LogicFolding chip. Will LogicFolding chips be used for more phones in the future? We understand that Huawei’s chip production capacity is still limited. Huawei has launched SuperPoDs, and AI infrastructure is a huge business. They are both very important in China. How do you secure a larger share of the chip supply internally?
Richard Yu: We started introducing the chip that adopts the LogicFolding technology powered by the Tau Scaling Law to the Mate XT 2 tri-fold phone. To answer your question, yes, more of our phones will definitely use these LogicFolding chips in the future.
Currently, the production capacity for advanced semiconductors in China still cannot meet the rapidly growing demand. Huawei’s Ascend chips for the AI domain also use such capacity. But we have developed a requirement plan, which also covers the chip requirements of smartphones.
The sharp price increase for memory components over the past two years has somewhat limited the smartphone sales volume. Even though the production capacity remains tight right now, generally it is sufficient to meet our market shipment needs.
We hope that production capacity will ramp up in China’s semiconductor industry so that we can manufacture more advanced products for consumers in the Chinese market as well as the overseas market in the future.
UAE President Sheikh Mohamed bin Zayed Al Nahyan travelled by Etihad Rail from Abu Dhabi to Dubai on Monday as the national railway network prepared to add Dubai to scheduled passenger operations. The presidential journey preceded the inauguration of Etihad Rail’s Dubai Station at Al Yalayis by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and […]
Singapore’s Temasek plans to open offices in Riyadh and Abu Dhabi in the first half of 2027, establishing its first physical presence in the Middle East as it steps up investment and partnerships across the region.
The Singapore state-owned investment company said on Wednesday that the two offices, subject to statutory approvals, would operate as strategic hubs for Temasek and its portfolio companies. Some portfolio companies are expected to co-locate at the new sites, giving them a base from which to develop business and partnerships in Gulf markets.
Temasek said it sees broad opportunities in Saudi Arabia, the United Arab Emirates and Qatar. It intends to increase engagement with institutions in Qatar and other Middle Eastern markets while using the Riyadh and Abu Dhabi bases to improve access to investment opportunities across Central Asia and Africa.
“The Middle East is an important part of Temasek’s global network,” chief executive Dilhan Pillay Sandrasegara said. He cited the pace of economic transformation across the region and said its long-term fundamentals remained attractive, with strong alignment between regional priorities and Temasek’s investment focus.
Pillay said Temasek had built relationships in Saudi Arabia, the UAE and Qatar over several years through partnerships, co-investments and the activities of its portfolio companies. The planned offices represent a shift from managing those relationships remotely towards maintaining permanent teams in two of the Gulf’s principal financial and investment centres.
The expansion comes as Gulf governments continue programmes intended to diversify their economies, develop infrastructure and attract international capital. Temasek said its investment experience, global networks and partnership-led approach, together with the sector expertise of companies in its portfolio, could support opportunities created by that transformation.
Temasek said the new hubs would also give portfolio companies closer access to local partners and markets, allowing them to collaborate alongside the investor while pursuing opportunities generated by economic diversification and infrastructure spending.
Chia Song Hwee, chief executive of Temasek Global Investments, was appointed chairman for the Middle East and Africa with effect from September 1. Temasek said he would provide senior leadership and oversight for its engagement and long-term growth in the two regions.
Chia said having teams on the ground would strengthen engagement with partners and improve access to investment opportunities for Temasek and its portfolio companies. He added that the offices would allow the group to bring expertise from across its wider ecosystem into regional markets.
Ankit Khemka will remain managing director for the region and continue to lead Temasek’s strategy and expansion. The leadership arrangements put the Middle East and Africa under dedicated senior oversight as the investor increases its institutional presence beyond its established Asian, European and American locations.
The two offices will increase Temasek’s global network to 15 offices across 11 countries in 2027, from 13 offices in nine countries. Its existing locations include Singapore, Beijing, Hanoi, Mumbai, Shanghai and Shenzhen in Asia, alongside Brussels, London, Mexico City, New York, Paris, San Francisco and Washington.
Temasek’s net portfolio value reached S$518 billion for the financial year ended March 31, 2026, up from S$469 billion a year earlier. Its one-year total shareholder return was 10.5 per cent, while its 10-year and 20-year returns were 7.1 per cent and 6.8 per cent respectively.
The investor’s portfolio remains anchored in Singapore while spanning major global markets. Singapore-based portfolio companies accounted for 43 per cent of the portfolio at the end of the financial year, while direct investments in companies globally represented 38 per cent. The remaining 19 per cent was held through partnerships, funds and asset-management businesses.
Temasek has also been increasing investment activity across Europe, the Middle East and Africa. Earlier this week, it acquired a 9 per cent minority stake in the management company of Milan-based private equity group FSI and committed capital to future FSI investment vehicles targeting growing Italian companies.
Foreign investors are taking a growing role in financing North America’s artificial intelligence infrastructure build-out as technology companies tap global pools of capital to meet spending approaching $1 trillion, according to JPMorgan Asset Management. Charles Wu, head of Asia-Pacific alternatives institutional client strategy at JPMorgan Asset Management, told the SuperReturn Asia conference in Singapore on Wednesday that banks and institutional investors from Asia, the Gulf and other […]
Singapore’s Temasek has acquired a 9% strategic minority stake in the management company of Milan-based private equity investor FSI, extending a longstanding investment relationship and committing additional capital to the firm’s future funds.
Financial terms of the transaction were not disclosed. The companies said on Monday that the partnership would combine FSI’s access to Italy’s mid-market businesses with Temasek’s sector expertise and international network, with a focus on helping companies expand into new markets.
FSI manages about €5 billion and concentrates on growth investments in mid-sized businesses. Temasek has previously invested in FSI funds and will make further commitments to future vehicles, including FSI Scale-up Capital Solutions, a fund aimed at high-growth small and medium-sized enterprises.
Nagi Hamiyeh, president of Temasek Global Investments, said Italy was “an integral part” of Temasek’s European strategy. He said the Singapore investor had built its portfolio and relationships in the country over more than a decade, with the pace of investment accelerating in the past few years.
“Our partnership with FSI extends this commitment to the mid-market,” Hamiyeh said, adding that Temasek could use its sector capabilities and global networks to support Italian companies seeking international expansion and long-term growth.
The transaction builds on a relationship that began with Temasek’s investment in FSI funds in 2018. Temasek was an investor in FSI I, which closed in 2019, and FSI II, which closed in 2024. It is also participating in the Scale-up Capital Solutions vehicle launched this year.
FSI’s website says its flagship FSI I and FSI II funds have commitments of €1.4 billion and €1.6 billion respectively, while Scale-up Capital Solutions extends its investment strategy into the lower mid-market. The new vehicle is targeting businesses with growth potential, including companies seeking capital for expansion, acquisitions or international development.
Maurizio Tamagnini, FSI’s chief executive and managing partner, said Temasek had been a founding investor in the firm’s funds and that the two teams had worked together beyond those commitments to identify opportunities across Italian companies of different sizes.
“Today’s step therefore builds on a shared investment culture, experience and deep mutual trust between the leadership of the two institutions,” Tamagnini said. He described FSI as a channel connecting global institutional capital with Italy’s small and medium-sized businesses.
Temasek’s investment also increases its exposure to Italy, where it has invested for more than a decade. Its holdings include interests in luxury groups Ermenegildo Zegna, Golden Goose and Moncler, giving the Singapore company an established presence in one of Italy’s prominent consumer sectors.
The group has also been increasing allocations across Europe, the Middle East and Africa. It aims to invest between €14 billion and €17 billion in the region by 2029 and deployed about €13 billion there during the two financial years ended March 31, 2026.
Temasek reported a net portfolio value of S$518 billion for the year ended March 31, 2026. The company is wholly owned by Singapore’s Minister for Finance, but operates commercially and makes investment decisions independently of the government, according to Singapore’s Ministry of Finance and Temasek’s governance framework.
For FSI, the investment brings a major global institutional investor directly into its management company while preserving the firm’s focus on Italian businesses. FSI says its team has invested more than €3 billion in 25 companies over 15 years and completed more than 50 acquisitions.
Temasek’s move does not give it control of FSI’s management company. The investment is structured as a minority holding, while the additional fund commitments place capital alongside other institutional investors. The arrangement expands the relationship at both the management-company and investment-fund levels without altering FSI’s investment mandate.
Its investment model targets businesses where fresh equity and strategic support can finance expansion without relying primarily on leverage. The firm identifies family-owned companies, fragmented domestic industries and businesses with limited access to capital markets among the areas where it sees opportunities.
