NANNING, China, Sept. 28, 2024 /PRNewswire/ — A news report from Beijing Review:

Viet Nam’s aromatic Trung Nguyen coffee, Malaysia’s Musang King durian, Thailand’s fragrant jasmine rice and Laos’ refreshing beer—what do they all have in common?

The answer is they’ve all made an entrance into the vast Chinese market through the China-ASEAN Expo (CAEXPO), earning rave reviews from delighted consumers.

On September 24, the 21st CAEXPO and China-ASEAN Business and Investment Summit kicked off in Nanning, Guangxi Zhuang Autonomous Region. Like a foodie’s fantasy come true and a business bonanza wrapped into one, the expo promised not just to tantalize taste buds but also to turbocharge trade ties between China and its Southeast Asian neighbors.

In addressing the opening ceremony, Chinese Vice Premier Ding Xuexiang said interactions between China and ASEAN have served as the most successful and dynamic model of cooperation in the Asia-Pacific region, and are a vivid example of the building of a community with a shared future for humanity.

Along with the flourishing ties, the expo has become an important supplement to the 10 Plus One cooperation framework between China and ASEAN, providing strong support for regional high-quality development, Luo Yongkun, Deputy Director of the Institute of Southeast Asia and Oceania Studies at the China Institutes of Contemporary International Relations, told Beijing Review.

The expo has been standing as a testament to the enduring friendship, cooperation and shared prosperity between China and ASEAN countries over the years, Kao Kim Hourn, Secretary General of ASEAN, said at the opening ceremony, adding that since its inception in 2004, the event has evolved into an important platform for dialogue, cooperation and development, covering sectors such as infrastructure, agriculture, technology, education and tourism.

“China considers ASEAN a priority in its neighborhood diplomacy and a key region in high-quality Belt and Road cooperation,” Ding said. “ASEAN countries, on their part, see in China a trustworthy and close partner.”

The shared values of peace, cooperation and mutual respect between China and ASEAN form the foundation of their partnership, Vongsey Vissoth, Deputy Prime Minister of Cambodia, said, adding he believes that the two sides can achieve more fruitful results through their cooperation in trade and economy, with the China-ASEAN Free Trade Area bringing new opportunities.

China has been ASEAN’s largest trading partner for 15 consecutive years, while ASEAN has been China’s top trading partner since 2020. The cumulative two-way investment has exceeded $400 billion, according to China’s Ministry of Commerce.

The CAEXPO has made important contributions to the economic integration between ASEAN and China, facilitating investment flows and cross-border economic opportunities, laying the foundation for building a more connected, resilient and dynamic region, Kao said.

In 2010, the China-ASEAN Free Trade Area was officially launched, opening a channel for ASEAN enterprises to gain more efficient and convenient access to the Chinese market.

China’s Vice Minister of Commerce Li Fei said mutually beneficial cooperation between China and ASEAN countries has reached new levels.

Bilateral economic and trade cooperation has continued to upgrade over the years, with positive progress achieved in negotiations for version 3.0 of the China-ASEAN Free Trade Area, he added.

As early as 2015, China and ASEAN initiated the construction of the China-ASEAN Information Harbor to cultivate new drivers of economic development. Today, nearly 20 projects across nine ASEAN countries in fields such as digital government, digital industries and new communications have been conducted under the framework, Luo said.

“We need to leverage the harbor to promote digital connectivity and information sharing, and work for a digital Silk Road,” Ding said in his speech.

At this year’s CAEXPO, a new section was conducted to highlight strategic emerging industries, showcasing the latest progresses and technologies in fields such as digital technology, new energy and intelligent connected vehicles.

Leading Chinese green technology companies are also working closely with ASEAN enterprises and investing in new facilities to produce innovative and locally adapted products, contributing to ASEAN’s green transition.

The ongoing efforts to advance the China-ASEAN Free Trade Area 3.0 will lead to a broader opening up in investment and services trade, Lei Xiaohua, a researcher with the Southeast Asia Research Institute at the Guangxi Academy of Social Sciences, said, adding that the CAEXPO will be endowed with a new mission in future regional industrial and supply chain cooperation.

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SOURCE Beijing Review

TAIPEI, Sept. 28, 2024 /PRNewswire/ — The Wall Street Journal reported that Qualcomm has approached Intel for a potential takeover, a story later verified by CNBC. While the news initially sparked a 3% rally in Intel’s share price, significant doubts remain about the feasibility of such a deal.

According to the news report from the technology-focused media DIGITIMES Asia, a takeover could offer strategic value for Qualcomm, but the complexities of acquiring a company of Intel’s size and stature raise numerous questions. Here are the key challenges Qualcomm would need to overcome to make the deal successful:

Regulatory approval

One of the most significant obstacles is likely to be regulatory scrutiny. Given Intel’s size and market position in the semiconductor industry, antitrust authorities in multiple jurisdictions would carefully evaluate any acquisition. Concerns about market monopolization could lead to regulatory pushback or even prevent the merger altogether.

The semiconductor industry is heavily regulated, and any significant changes to the structure or operations of Intel’s foundry could attract scrutiny from antitrust authorities. Qualcomm would need to ensure that any divestitures or restructuring do not violate competition laws, particularly given Intel’s prominent position in the market.

Some argue that Qualcomm’s takeover bid could survive the competition law review because Intel is facing financial difficulties, and the two companies do not compete in the same market spaces, except for PC CPUs. However, the deal would still need to go through reviews in other countries, including China, whose passive disapproval led to the failure of Intel’s acquisition of Tower Semiconductor.

Intel’s internal resistance

Intel’s management may resist a takeover, particularly if they believe the company can turn its fortunes around independently. Qualcomm’s bid could face significant challenges if Intel’s leadership does not support the acquisition or sees it as strategically disadvantageous.

Market reaction, stakeholder support, and existing industry relationships

The success of a bid often relies on the reactions of shareholders and market stakeholders. If Intel’s shareholders see more value in maintaining independence or if there is skepticism about the strategic fit of Qualcomm acquiring Intel, this could lead to difficulties in securing the necessary support for the acquisition.

Qualcomm may need to navigate Intel’s existing relationships with its customers, partners, and suppliers, especially if those entities are concerned about the implications of a takeover.

For example, Intel’s foundry business may have existing contracts with third-party clients, including the recently announced AWS deal. If Qualcomm decides to scale back or eliminate this segment, it could lead to legal disputes or loss of revenue from already established contracts, impacting Qualcomm’s cash flow.

Financial viability

Qualcomm would need to ensure that it has the financial resources to make a competitive bid for Intel while also addressing any existing debts or liabilities Intel carries. According to Qualcomm’s financial report for the third quarter of its fiscal 2024, the three months to June 23, the company had only US$7.8 billion in cash and cash equivalents at its disposal and just over US$23 billion in total assets.

With Intel’s market value around US$93 billion, a stock-for-stock transaction is most likely for the takeover. However, Qualcomm would have to convince investors and financial institutions of the potential profitability of the acquisition, considering Intel’s financial struggles with its foundry business.

Strategic and operational alignment

The takeover offers Qualcomm numerous benefits, including a vast portfolio of intellectual properties (IPs), a significant market share in the PC chip market, and an accelerated entry into edge AI computing, a promising area for future growth.

However, merging two large organizations with distinct cultures and operational methods always presents significant challenges. Qualcomm would need to develop a comprehensive integration plan to address potential disruptions and ensure a smooth transition.

While Qualcomm’s bid to acquire Intel could theoretically provide a significant advantage in the competitive semiconductor landscape, several formidable challenges stand in the way. The success of the takeover would depend on a favorable regulatory environment, the response of Intel’s management and shareholders, solid financial backing, and a well-defined strategy that highlights the expected benefits of the consolidation.

Given the complexities involved, predicting whether Qualcomm’s bid would succeed is challenging, and it could ultimately require careful negotiation, strategic planning, and a willingness to adapt to the responses of various stakeholders.

Original link: https://www.digitimes.com/news/a20240922VL200.html

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SOURCE DIGITIMES ASIA

Luvme Hair celebrates its 10th anniversary with a Final Mega Sale, offering customers exclusive discounts of up to $110 off and special gifts. From September 24 to September 29, 2024 (EST), the sale applies to all products, including the brand’s premium wigs and hair extensions. Founder Helena Lee expressed gratitude to the loyal customers who have supported the brand over the past decade, highlighting the sale as a way to give back. For more details and to participate, visit the official Luvme Hair website.

NEW YORK, Sept. 28, 2024 /PRNewswire-PRWeb/ — Luvme Hair, a leading brand in the human hair wigs industry, proudly celebrates its 10th anniversary with a Final Mega Sale, offering exclusive discounts and gifts as part of its anniversary celebration. The event provides new and returning customers the chance to enjoy significant savings across all product categories.

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The Final Mega Sale marks the culmination of Luvme Hair’s 10th-anniversary celebration and offers a unique opportunity for customers to experience premium-quality wigs, extensions, and accessories at reduced prices. The upgraded discount structure allows shoppers to save more as they spend more, making this event the perfect time to invest in high-quality, versatile human hair wigs.

Visit the official Luvme Hair website, apply discount codes at checkout, and enjoy savings of up to $110.

Helena Lee, the founder of Luvme Hair, shared her thoughts on the 10th anniversary: “Celebrating this milestone reflects the loyalty and support that Luvme Hair has received over the past 10 years. The Final Sale is a way to give back to our customers by offering enhanced savings and gifts. We are excited to continue empowering individuals through our wigs and hair extensions and look forward to many more years of innovation.”

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Media Contact

Jian Mei, Luvme Hair, 1 13016070827, tgyxzx808@gmail.com, Luvme Hair

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SOURCE Luvme Hair