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Flames leap out of an oven where rare-earth-based chemicals are roasted for more than 20 hours, in Changshu, China.
BUSINESS / Tech
Oct 27, 2024

China tightens its hold on minerals needed to make computer chips

The country already produces nearly all the world’s supply of these materials. The new restrictions solidify that market dominance.
Singapore's Marina Bay Sands at dusk on Sept. 17
BUSINESS / Tech
Oct 28, 2024

AI boom and wild weather take spotlight in Southeast Asian earnings

Stronger currencies, driven in part by the Federal Reserve’s pivot to interest-rate cuts, also buoyed stocks.
Parents walk their children to school in Guanghzou, China, on Sept. 4, 2019
BUSINESS
Oct 29, 2024

China's private tutoring firms emerge from the shadows after crackdown

There is now tacit consent from policymakers in China to allow the tutoring industry to grow.
OpenAI CEO Sam Altman speaks during the Microsoft Build conference in Seattle on May 21. Altman recently fired off a social media post saying "There is no wall" as fears arise over potential blockages to AI development.
BUSINESS / Tech
Nov 18, 2024

Is AI's meteoric rise beginning to slow?

Industry insiders are beginning to acknowledge that large language models aren't scaling endlessly higher at breakneck speed when pumped with more power and data.
Microsoft has artificial intelligence and machine learning research bases in various countries around the world.
BUSINESS / Tech
Nov 18, 2024

Microsoft opens AI and robotics research base in Tokyo

The U.S. technology giant aims to combine AI with Japan's strength in robotics and put the results into practical use.
Federal Judge Amit Mehta ruled in August that Google, whose Chrome browser controls about 61% of the market in the U.S., illegally monopolized the search market.
BUSINESS / Tech
Nov 19, 2024

DOJ will push Google to sell off Chrome to break search monopoly

Such a move would be a historic crackdown on one of the biggest tech companies in the world.
Nippon Steel has accused critics of the U.S. Steel deal of making inaccurate comments about the transaction.
BUSINESS / Companies
Nov 19, 2024

Nippon Steel claims union 'misinformation' in battle for U.S. Steel

Vice Chairman Takahiro Mori has reiterated commitments made by Nippon Steel, which include maintaining U.S. Steel’s blast furnace operations.
A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
BUSINESS / Tech
Nov 21, 2024

Honda hopes to double EV driving range with solid-state batteries

Such batteries will replace liquid-state lithium-ion batteries currently in use, Honda R&D chief Keiji Otsu says.
With its initial public offering, Kioxia is valuing the company at ¥750 billion.
BUSINESS / Companies
Nov 22, 2024

Japan chipmaker Kioxia IPO set for next month

Formerly the semiconductor unit of Japanese engineering giant Toshiba, the company is the world's third-largest producer of NAND flash memory chips.
Four House Republicans wrote to Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo on Friday, saying that recent developments related to the Committee on Foreign Investment in the United States (CFIUS) "have called into question the integrity of its decision-making process,” and demanding the preservation of records related to a potential sale of U.S. Steel to Japan's Nippon Steel.
BUSINESS / Companies
Nov 26, 2024

U.S. Steel review targeted by Republicans for potential probe

GOP lawmakers are calling on U.S. President Joe Biden’s administration to preserve documents related to the proposed sale to Japan's Nippon Steel.
Wall Street is rotating out of the chip sector, put off by stretched valuations and trade war-related risks under Donald Trump.
BUSINESS / Tech
Nov 27, 2024

Software is in, chips are out as traders position for Trump era

Software has been on an upswing given its lower exposure to tariff risks, and as the tailwind from AI looks set to shift from infrastructure to services.
Mitsubishi UFJ Financial Group took a 15% stake in WealthNavi earlier this year.
BUSINESS / Companies
Nov 29, 2024

MUFG considering bid for Japanese robo-adviser WealthNavi

MUFG took a 15% stake in WealthNavi earlier this year
Prime Minister Shigeru Ishiba arrives to deliver a policy address during a Lower House session in Tokyo on Friday.
BUSINESS / Tech
Nov 29, 2024

Japan earmarks extra ¥1.5 trillion for chips and AI this year

Japan is fighting to keep up in a global spending spree on cutting-edge tech led by China and the U.S.
Generative artificial intelligence search technology is proving valuable for searching corporate databases.
BUSINESS / Tech
Dec 3, 2024

Japanese firms begin adopting generative AI for information searches

AI technology is proving valuable for searching corporate databases and providing concise, natural-sounding answers.
Major electronics firms plan to pay new graduate hires starting salaries that vary depending on skills and experiences.
BUSINESS / Companies
Dec 5, 2024

Japanese electronics firms rethink uniform starting salaries

Panasonic Connect plans to pay an additional 10% to 20% on top of this year's starting salaries to spring 2025 recruits with past startup experiences or tech skills.
A Chevrolet Bolt electric vehicle (EV) at a dealership in Colma, California, on Jan. 26
BUSINESS / Tech
Dec 9, 2024

Trump's EV skepticism threatens $54 billion in Korean investments

Some Korean companies have slowed or hit the pause button on any ongoing construction of some plants in the U.S. because they’re concerned about reduced demand for EVs.
The United Steelworkers union claims that Nippon Steel's latest offer is tantamount to bribery.
BUSINESS / Companies
Dec 11, 2024

Union blasts Nippon Steel’s $5,000 per worker bonus in U.S. Steel deal

The United Steelworkers called Nippon Steel's move “a classic union-busting tactic” and a “desperate attempt to win over support for its doomed acquisition.”
The East Japan Railway Shinjuku Station in Tokyo. Within the next 10 years, JR East will develop automated walk-through gate technology so that passengers can enter the train platform without having to tap their Suica card or phone on the ticket gates.
BUSINESS / Companies
Dec 11, 2024

JR East announces 10-year plan to drastically overhaul Suica

Dubbed the "Suica Renaissance," the plan involves redesigned ticket gates, new payment features and a subscription service.
Bain Capital plans to pay ¥9,600 a share for Fuji Soft, it said in a statement on Wednesday.
BUSINESS
Dec 11, 2024

Bain raises offer for Fuji Soft in $4.3 billion contest with KKR

The Boston-based investment firm plans to pay ¥9,600 a share for Fuji Soft, it said in a statement.
Lekh Juneja, chairman and CEO of Kameda Seika, at the company's headquarters in the city of Niigata in August
BUSINESS / Companies
Dec 15, 2024

Indian-born CEO of Japanese company says nation needs immigration to thrive

Japan has very few foreign-born CEOs, and boardrooms are overwhelmingly male.
Japan wants renewable energy to account for around 40% to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a new energy plan released Tuesday.
BUSINESS / Economy
Dec 17, 2024

Japan aims to expand nuclear power in break from Fukushima era

The nation set out a proposed new energy strategy which urges both nuclear and renewables to be utilized to maintain growth and help curb emissions.
Nobuo Hayasaka, president of Kioxia Holdings, reacts after striking a bell during the company's listing ceremony at the Tokyo Stock Exchange in Tokyo on Wednesday.
BUSINESS / Companies
Dec 18, 2024

Chipmaker Kioxia surges 12% in Tokyo debut after jumbo IPO

Shares in the producer of NAND memory chips extended gains in afternoon trading after initially dropping, valuing the firm at ¥877 billion ($5.7 billion).
A customer leaves a luxury eyewear shop in Hong Kong on Wednesday.
BUSINESS / Tech
Dec 19, 2024

As bitcoin soars, luxury brands consider accepting crypto payments

Luxury labels have long sought to cater to affluent shoppers from the tech industry.
Nissan and Honda are exploring a merger, which would create a rival to Toyota Motor in Japan and better position the combined company to face competitive challenges around the world.
BUSINESS / Companies
Dec 19, 2024

Foxconn in talks with Nissan shareholder Renault, CNA says

Renault’s stake in Nissan is a holdover from a longstanding alliance between the French automaker, Nissan and Mitsubishi Motors.
People gather to view a rocket launch test by AstroX in the city of Minamisoma, Fukushima Prefecture on Nov. 9.
BUSINESS / Companies
Dec 22, 2024

Fukushima startup aiming to launch rocket from flying balloon

Since the method does not require large-scale ground facilities, the cost can be reduced to one-third of that on the ground, according to the company.
A close up of EV batteries at the production unit of Inobat, a Slovakian battery maker in Voderady, Slovakia, on Dec. 11
BUSINESS / Tech
Dec 23, 2024

After Northvolt, Europe's battery hopes heavily rely on China

The norm in the future may be joint ventures that rely on China's low-margin electric vehicle battery dominance.
A Nissan dealership and a Honda dealership in Tokyo. As the two firms negotiation a potential merger, Nomura Holdings is advising Honda, while Nissan has retained Mizuho Financial Group and Bank of America.
BUSINESS / Companies
Dec 28, 2024

Honda-Nissan deal sets up next fight for bankers in Japan M&A boom

At roughly $200 billion, the volume of transactions including mergers and acquisitions in the country is up 48% this year.
A woman walks past a store of Ukraine's telecommunications company Kyivstar in Kyiv on Dec.12, 2023.
BUSINESS / Tech
Dec 31, 2024

Starlink to roll out direct-to-cell services in Ukraine

Ukraine will be one of the first countries in the world with direct-to-cell connectivity and the first conflict zone where Starlink will roll out this technology.
An attendee looks at a prototype of a 2-nanometer gate-all-around wafer produced by Rapidus and International Business Machines Corp. at the Semicon Japan exhibition in Tokyo in December.
BUSINESS / Tech
Jan 3, 2025

Japanese chip industry poised for a comeback

Chipmakers will either begin operating a pilot line or start production at new plants this year.
Daiichi Sankyo's headquarters in Tokyo
BUSINESS
Jan 18, 2025

AstraZeneca and Daiichi Sankyo win U.S. approval for breast cancer drug

The Food and Drug Administration approved the drug for patients with advanced breast tumors whose cells bear a certain genetic signature.

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Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear