ECONOMY, FINANCIAL SERVICES | Staff Reporter, Singapore

Daily Briefing: Grab closes record fundraiser; Comparing DBS and OCBC home loans

And here are three important facts about the semiconductor industry right now.

From Tech in Asia:

Yesterday’s news that Hyundai invested in Grab marks the close of its series G fundraise, which is now the biggest funding round in Southeast Asian history based on publicly available data, the ride-hailing firm told Tech in Asia. Softbank, Didi Chuxing, and Toyota are also known to have participated in the oversubscribed round, which brings Grab’s total equity funding to over US$4m.

Read more here.

From MoneySmart:

Sick of playing catching with DBS’ home loan rate, OCBC has dropped their fixed deposit-linked home loan rate, the OCBC FDMR, and introduced a new OCBC Home Rate, or OHR.

Yes, Singapore has yet another acronym to deal with, but in this case, it’s a very good thing. Here’s why you should definitely consider the new OHR when getting a new home loan or refinancing your existing one.

Read more here.

From The Motley Fool:

The semiconductor sector is highly competitive with numerous companies trying to take advantage of the boom in semiconductor demand in recent years. As such, semiconductor manufacturers need to constantly upgrade their product and technology to produce the best and most cost-efficient product.

The speed at which the industry has grown can be illustrated using Moore’s law. Gordon Moore, the co-founder of Intel, predicted that the number of transistors on a chip will double every two years. This has challenged industry players to constantly upgrade their technology to try to keep pace with the industry as a whole. If you fall behind, you will inevitably be left eating the dust of the competition.

Read more here.

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