Malaysia - CybAI news

16 Aug

EQT to Buy Online Property Firm PropertyGuru for $1.1 Billion

stp2y0 CommentsRAG modelsCAPITAL ASIA, EQT AB, KKR & CO INC, Malaysia, new york, Private Equity, PROPERTYGURU GROUP LTD, Singapore, Southeast Asia, Technology, TPG INC

EQT AB agreed to buy New York-listed PropertyGuru Group Ltd. in an all-cash deal valuing the online property search company at $1.1 billion.The agreement amounts to $6.70 per share — a 52% premium to PropertyGuru’s close on May 21, which the company said was the last unaffected day of trading before reports on a potential transaction, according to a statement on Friday. Bloomberg News reported at the time that KKR & Co. and TPG Inc., which together own about 56% of PropertyGuru, were working with an adviser to gauge interest from investors in a buyout. Source link lol

08 Aug

Malaysia Boasts of Chip Clout as Infineon Opens €7 Billion Site

stp2y0 CommentsRAG modelsAnwar Ahmed Hamoud Al Ibrahim, Asia, Automotive, china, Decarbonization, Government, INFINEON TECHNOLOGIES AG, Jochen Hanebeck, Kuala Lumpur, Malaysia, politics, Technology

Malaysia is gaining more heft in the global supply chain as Infineon Technologies AG opens a major semiconductor manufacturing complex in the country, the Southeast Asian nation’s leader said. “We are now be able to receive and expand the technology. It shows Malaysia is now going up the ladder,” Prime Minister Anwar Ibrahim said at the opening ceremony of the first phase of Infineon’s €7 billion ($7.7 billion) production site in the northern Malaysian district of Kulim on Thursday. Source link lol

06 Aug

Meta Apologizes for Removing Malaysian PM’s Social Media Posts

stp2y0 CommentsRAG modelsAnwar Ahmed Hamoud Al Ibrahim, Government, Human Rights, Ismail Haniyeh, israel, Kuala Lumpur, Malaysia, META PLATFORMS INC-CLASS A, Qatar, social media, Technology

Meta Platforms Inc. said it was sorry about removing Malaysia Prime Minister Anwar Ibrahim’s posts on its platforms that paid tribute to a top Hamas political leader who was killed last month.“We apologize for an operational error where content from the Prime Minister’s Facebook and Instagram Pages were removed, and the content has since been restored with the correct newsworthy label,” a Meta spokesperson said Tuesday in a statement. Source link lol

06 Aug

Malaysia Sets Up Chip-Design Hub to Boost Semiconductor Industry

stp2y0 CommentsRAG modelsAsia, CADENCE DESIGN SYS INC, china, design, Exports, INFINEON TECHNOLOGIES AG, INTEL CORP, Kuala Lumpur, Malaysia, politics, software, Technology

Malaysia has set up a chip-design hub in Selangor state to boost its semiconductor industry and attract foreign investments.The Southeast Asian nation is seeking to improve its chip design capabilities and move up from testing and packing — activities that traditionally have been considered less complex and of lower value. Source link lol