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Monday 15 January 2024
Taiwan gov't boosts budget to US$13.3 billion production value to propel satellite innovation
Due to the maturation of technological advancements and a decline in rocket launch costs, the proliferation of low-earth orbit (LEO) satellites is on a continuous upswing. Successful...
Friday 15 December 2023
VW’s software unit reaches deal on 20% budget cut, voluntary buyouts
Volkswagen AG's software unit Cariad has agreed to cut 20% of its internal development costs annually until 2028 as it attempts to avoid forced layoffs in a major restructuring prescribed...
Wednesday 1 November 2023
Taiwan boosts space program budget for a US$10 billion production value goal by 2025
The first Taiwan International Assembly of Space Science, Technology, and Industry (TASTI 2023) recently opened in Taipei. Tsung-Tsong Wu, the Executive Minister of the National Science...
Wednesday 27 September 2023
South Korea sharply cuts R&D budget for 2024, with 1,200 new researchers likely to be axed
The South Korean government has unveiled a substantial 16.6% reduction or KRW5.2 trillion (US$3.89 billion) in research and development (R&D) spending in its budget proposal for...
Tuesday 26 September 2023
South Korea to invest KRW2.2 trillion in building advanced industry clusters
The South Korean government plans to invest KRW2.2 trillion (US$1.66 billion) in the next five years to strengthen the competitiveness of cutting-edge industries such as semiconductors,...
Thursday 7 September 2023
South Korea focuses on domestic production of materials and components, despite rare R&D budget cuts
The South Korean Ministry of Trade, Industry, and Energy (MOTIE) has allocated a budget of KRW11.22 trillion (approximately US$84.9 billion) for the year 2024. Based on President...
Monday 4 September 2023
European public cloud spending to reach US$142 billion in 2023, defying budget cuts amid economic downturn, says IDC
According to the Worldwide Software and Public Cloud Services Spending Guide published by IDC, public cloud services spending in Europe will total US$142 billion in 2023 and will...
Friday 25 August 2023
South Korea's MSIT slashes 2024 R&D budget, raises tech sector worries
The Ministry of Science and ICT (MSIT) in South Korea has made a decision regarding the allocation of the research and development budget for 2024. This move, aimed at enhancing the...