Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
The Japanese government is paying over half of the ¥37 billion funding for a semiconductor research project between around 20 Japanese companies and the Taiwan Semiconductor Manufacturing Company (TSMC) to develop cutting-edge chip technology.
The construction of research facilities at the National Institute of Advanced Industrial Science and Technology in Tsukuba will begin this summer with the project set to kick off in 2022.
Among the Japanese companies involved are chemicals firms Mitsui Chemicals, Sumitomo Chemical, and Asahi Kasei.
Taiwan’s chipmaking plants are among the world's largest and most advanced and the project will boost Japan’s competitiveness in an industry that is grappling with a global semiconductor shortage.
The research will focus on 3D chip assembly technology that makes components denser but still small.
The surge in demand for home electronics that use semiconductors due to the pandemic has led to a chip supply shortage, exacerbated by a US cold snap, a drought in Taiwan, and a fire at Renesas.
The auto industry is one of the hardest hit by the shortage in semiconductors are an essential part of modern tech from smartphones to games consoles.
