Asia-Pacific

Political tensions and land shortages can’t stop data center growth in Hong Kong, says Raymond Tong, CEO of SUNeVision, the city’s largest data center operator.

The company's semiconductor division is expanding rapidly in an effort to compete with the likes of Intel and TSMC.

“Global telecom companies are struggling to change, and that’s why their shares are discounted,” says CEO Ku Hyeon-mo.

The growing war chest underscores Huawei’s do-or-die effort to develop chips, networking gear and even smartphones free of American technology.

The company had halted production at the plants due to impacts from a cyberattack against a parts supplier.

The fresh capital will help it expand into new markets and deepen its presence in the countries it operates in.

The incentives were announced amid a prediction that a global chip shortage is likely to extend until early 2023.