China’s Global Times Slams Anthropic CEO’s AI Slowdown Plan as ‘Cold War’ Strategy 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
MediaTek Unveils 2nm Dimensity 9600 Pro AI Chip 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Samsung, SK Hynix Reject KEPCO’s $18.7 Billion Power Funding Plan 
China Industrial Output Beats Forecasts as Exports Support Growth 
Treasury Buyback Fails to Cool Long-Term Yields 
SpaceX Nasdaq 100 Weight Set to More Than Double 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Cathie Wood Backs AI Slowdown as Safety Concerns Grow 
Bill Gates Warns Governments Are Unprepared for AI Disruption 
UK Wage Growth Slows as BoE Rate Decision Looms 
Rosenblatt Starts Nokia at Buy on AI Networking Growth 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Add as a preferred source on Google
South Korea will provide tax incentives and financial support to corporate projects to develop eight key parts and materials, such as automotive chips and rare-earth permanent magnets used for electric vehicles.
The country plans to support investment in research & development (R&D) on those items over the long term.
Finance Minister Hong Nam-ki said the move will help attract private investments worth 140 billion won by 2025 and create jobs.
South Korean automakers have been forced to temporarily suspend their production lines due to the global shortage of automotive chips.
While South Korea is home to memory chip powerhouses Samsung Electronics Co. and SK hynix Inc., it has not produced less profitable auto chips.
The companies have also relatively lagged in developing non-memory chips, including system chips.
