Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
ADNOC Gas Targets Up to $4B Profit in 2026 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
Sony Group Corp. and Taiwan Semiconductor Manufacturing Co. are cooperating to build a new chip plant in Japan. The Japanese multinational company headquartered in Tokyo is contributing to the project by agreeing to invest around $500 million.
Taiwan’s TSMC is currently building a semiconductor facility in the country and this move has been welcomed by the local government so it is getting a lot of support. As per Reuters, it was posted on the regulatory filing that Sony Group’s subsidiary, the Sony Semiconductor Solutions Corporation, is the one investing in TSMC’s chip plant and its contribution is said to be equivalent to less than 20% of the new project’s total value.
Sony Group and TSMC’s collaboration to construct a $7 billion chip factory is part of their efforts in helping ease the chip shortage and strained global supply chain for the valuable semiconductors.
“The digital transformation of more and more aspects of human lives is creating incredible opportunities for our customers, and they rely on our specialty processes that bridge digital life and real life,” TSMC’s chief executive officer, Dr. CC Wei, said in a press release that was posted by Sony on Nov. 9. “We are pleased to have the support of a leading player and our long-time customer, Sony, to supply the market with an all-new fab in Japan, and also are excited at the opportunity to bring more Japanese talent into TSMC’s global family.”
Sony Semiconductor Solutions Corporation’s president and CEO, Terushi Shimizu, also said that while the chip shortage may last longer than expected, they are hoping that the team up with Taiwan’s TSMC will greatly contribute to securing a stable supply of logic wafers not only for Sony but for the entire industry. He went on to say that its new partnership with the Taiwanese chipmaker is very meaningful to Sony Group.
Meanwhile, the construction of the chip factory is ongoing and the production of semiconductors may begin in the latter part of 2024. Thus, the companies may not be able to immediately help in addressing the chip shortage that is affecting the tech and auto industries.
