<div class=newsTextDataWrapInner><p>(Oct 21): ASML Holding NV and other key providers of chipmaking machines have expedited supplies for Tesla Inc&nbsp;and SpaceX’s Terafab, Elon Musk said, signalling that the billionaire is making fast progress on an ambitious semiconductor project.</p></div>

<div class=newsTextDataWrapInner><p>SpaceX is targeting volume chip production at its Terafab facility by the third or fourth quarter of 2028, Musk said.</p></div>

<div class=newsTextDataWrapInner><p>“These are very aggressive dates, and we are very appreciative of ASML and all of our other suppliers in accelerating equipment deliveries in order to achieve this outcome,” Musk, the chief executive officer of Tesla and SpaceX, said during the latter company’s third-quarter earnings call.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Terafab is Musk’s plan for handling the mass-scale chip manufacturing needed by SpaceX and Tesla. The goal of the project is to make up for a shortfall in cutting-edge artificial intelligence processors and other chips from current suppliers such as Taiwan Semiconductor Manufacturing Co (TSMC).</p></div>

<div class=newsTextDataWrapInner><p>An ASML spokesperson declined to comment. The Veldhoven, Netherlands-based company’s shares rose 2.1% in early Amsterdam trading on Wednesday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


ASML Holding NV and other key providers of chipmaking machines have expedited supplies for Tesla Inc and SpaceX’s Terafab, Elon Musk said, signalling that the billionaire is making fast progress on an ambitious semiconductor project.

Musk says ASML, others expediting chipmaking gear for Terafab

One of the strongest storms of the current season is set to bring heavy rain and roaring winds to parts of East Asia in the next week, with major cities in Taiwan and China bracing for impact within days.

Super Typhoon Champi poised to hit China, Taiwan within days

Encorp Construction & Engineering Sdn Bhd, a wholly-owned subsidiary of Encorp Bhd (KL:ENCORP), has accepted a letter of acceptance for a RM16.96 million contract to build staff housing for its major shareholder, the Federal Land Development Authority (Felda).

Encorp secures RM17m staff housing project from Felda

Malaysia Airports Holdings Bhd (MAHB) will deploy K9 patrol units inside the Kuala Lumpur International Airport (KLIA) terminals starting next Monday, Oct 26, amid heightened scrutiny over recent transnational drug smuggling cases originating from the airport.

MAHB: K9 units to patrol KLIA starting Oct 26 to boost airport security

Taiwan's Fair Trade Commission said on Wednesday it had blocked Grab's purchase of Delivery Hero's Foodpanda delivery business in Taiwan, citing competition concerns.

Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in Taiwan

An internal probe by HDFC Bank Ltd — India’s largest by market value — found evidence that two senior executives disclosed confidential business strategies and possible market-sensitive information to outsiders, according to people familiar with the matter.

HDFC Bank probe finds that senior executives leaked secrets — Bloomberg

Indonesian equities trimmed early losses to trade flat on Wednesday after the central bank held its benchmark interest rate steady but reduced the reserve requirement ratio in an effort to boost lending.

Indonesian shares trim losses after central bank holds interest rate, eases RRR

The government has been urged to establish an ethical framework for using artificial intelligence (AI) before expanding its adoption in daily life, to ensure technological progress does not compromise national security, sovereignty, or the interests of the people.

Amirudin urges AI ethics framework before wider adoption in Malaysia

Software and digital technology are set to overtake traditional vehicle engineering as the key battleground in the automotive industry by 2035, while China is expected to strengthen its position among the world's largest carmakers, a KPMG survey of industry executives showed on Wednesday.

Auto industry bosses expect software, China growth to reshape sector by 2035, survey shows

Samsung Electronics and SK Hynix are upgrading their China factories to produce more advanced memory chips, four people familiar with the plans said, aiming to fend off competition from a fast-growing Chinese rival and meet huge AI demand.

Samsung, SK Hynix upgrading China plants to make more advanced chips — Reuters

Australian lawmaker Helen Haines has had both legs amputated after being rammed by a car outside her electoral office, her husband said on Wednesday, as the man accused of the attack appeared in court.

Australian lawmaker loses both legs in vehicle attack as suspect appears in court

<p>SEPANG (Oct 21): Malaysian Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain has been&nbsp;charged for hurting lower-ranking officers.</p>


Border Control director general Shuhaily charged for hurting lower-ranking officers, claims trial

<p>KUALA LUMPUR (Oct 21): Tan Sri Tan Kean Soon, the former deputy chairman of an oil-and-gas services firm, has been charged with fraud of over RM10 million.</p>


Tan Kean Soon, former T7 Global deputy chairman, charged with RM10m fraud

<p>The number of Malaysians aged 65 and above crossed the one-million mark in 2002, accounting for 4.2% of the population. Back then, those aged 14 and below made up a third of the population.</p>


Fastest ageing states as Malaysians grow older

<p>The government is open to considering a proposal to establish a royal commission of inquiry (RCI) into Retirement Fund Inc&nbsp;(KWAP) and the Employees Provident Fund (EPF)&nbsp;should the need arise.</p>


Azalina: Govt to consider commission to probe KWAP, EPF if needed

<p>Civil servants have been banned from using the Waze navigation app with immediate effect, following a decision by the National Cyber Security Committee (JKSN) at its meeting on Tuesday.</p>


Malaysian civil servants banned from using Waze with immediate effect

<p>CIMB Group Holdings Bhd (KL:CIMB) is exploring taking its Indonesian arm private as tough market conditions dim prospects for a potential secondary offering, analysts said.</p>


CIMB weighs taking Indonesian unit private as potential secondary offering loses appeal — analysts

<p>The 10 sacked Negeri Sembilan executive councillors have filed a motion at the Federal Court seeking to challenge the state ruler's decision last month to remove them.&nbsp;</p>


Negeri Sembilan excos ask Federal Court if their sacking is constitutional

<p>BENGALURU (Oct 21): Anthropic's net loss widened sharply to US$80.7 billion (RM329.4&nbsp;billion) in the first half of this year, in large part due to a rise in the fair value of bonds convertible into shares of the AI start-up, according to a draft prospectus for a planned initial public offering (IPO) that was reviewed by <em>Reuters</em>.</p>


Anthropic logs first-half net loss of over US$80 bil as AI race weighs

<p>Tourism operators are experiencing fewer bookings for this time of year — and even cancellations — as smog disrupts flights, obscures some of the country’s best-known attractions and threatens a key driver of the Southeast Asian economy.</p>


Malaysia set for tourism fallout from Indonesian haze

<p>The Attorney General’s Chambers (AGC) and Datuk Seri Dr Ahmad Zahid Hamidi have obtained a stay on the Malaysian Bar’s judicial review&nbsp;challenging&nbsp;the discharge not amounting to an acquittal (DNAA) that had been given to Zahid for 47 charges of abuse of power, criminal breach of trust, and corruption related to Yayasan Akalbudi.</p>


AGC, Zahid obtain stay of Malaysian Bar judicial review challenge over DNAA

<p>Global stocks nudged up on Wednesday, as early signs from the earnings season pointed to strong profits for global firms and shored up sentiment in the face of nagging worry about the strength of the AI trade and turbulence in government bonds.</p>


Global stocks eke out modest gains thanks to earnings cheer

<p>The smog blanketing parts of Southeast Asia is threatening an army of tiny-but-crucial workers in the region’s palm industry — beetles that pollinate the trees and help keep the world supplied with the most-consumed vegetable oil. &nbsp;</p>


Indonesian haze threatens tiny bugs that power palm oil output

<p>Westports Holdings Bhd (KL:WPRTS) reported a record-high revenue from tariff increases and higher income from value-added services, boosting its earnings in the third quarter.</p>


Tariff increase, extra services lift Westports revenue to new record, boost earnings

<p>DayOne Data Centers Ltd&nbsp;is weighing options for its US initial public offering (IPO), including a potential delay or size cut, as volatility around data centres increases, according to people familiar with the matter.</p>


Singapore's DayOne said to weigh options for US IPO after data centre rout

<p>SAO PAULO (Oct 21): Brazil raced to contain the trade fallout from the detection of a highly contagious bird virus, as poultry shipments to countries including top buyer China faced restrictions.</p>


Brazil moves to contain bird virus, suspends chicken exports to Malaysia

<p>Temasek Holdings Pte Ltd and GIC Pte Ltd denied claims by a former Indonesian trade minister that Singapore’s two biggest state-owned investors helped instigate Indonesia’s recent stock market collapse.</p>


Singapore’s Temasek and GIC deny instigating Indonesian stock rout

<p>KUALA LUMPUR (Oct 21): NWE Resources Group Bhd (KL:NWEBHD) edged higher in the consumer product company’s first day on the ACE Market.</p>


NWE Resources opens with modest gain on ACE Market debut

<p>Boeing Co&nbsp;won US regulator approval for its 737 Max 10 jet, capping off a lengthy certification saga for the plane-maker’s family of narrowbody aircraft that was disrupted by two fatal crashes and a series of quality lapses.&nbsp;</p>


Boeing wins US approval for largest variant of 737 Max jet

<p>Developers' projected profits from urban redevelopment projects will factor into how replacement properties for existing homeowners are valued under the proposed Urban Renewal Bill (URA).</p>


Urban Renewal Bill to factor in developers’ projected profits in valuing replacement properties

<p>High capital requirements remain a major hurdle for Malaysian semiconductor design firms despite being granted subsidised access to UK-headquartered ARM Holdings plc's blueprints for chip components. &nbsp;</p>
