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Tokyo, Oct. 1 (Jiji Press)--The Japanese government said Thursday it plans to designate the five years beginning in fiscal 2027 as an intensive investment period and identify 17 priority sectors, such as artificial intelligence and semiconductors, in its growth strategy implementation program to be compiled at year-end. The program, to be formulated alongside the government's budget proposa...
On this episode of Stock Movers: - Intel (INTC) is the most actively traded stock in the premarket after Reuters reported that SK Hynix is in talks with the chipmaker about a deal that would see it manufacture memory chips in the US for the first time. SK Hynix says it’s made no decisions in response to a Reuters report that it’s in talks with Intel about a deal to make semiconductors in the US. - JB Hunt (JBHT) shares are lower this morning after the trucking company flagged rising costs and issued a rare earnings warning at a Morgan Stanley conference. - Reliance Worldwide (RWC) shares are moving on news Brookfield agreed to pay $3.38 a share to buy Reliance World. (Source: Bloomberg)
The first “China shock” was fairly easy to understand. Beginning in the 1990s, cheap Chinese goods poured into global markets, displacing large parts of lower-end manufacturing across the world. Now, China shock 2.0 seems to be under way, with China taking the lead in electric vehicles (EVs), batteries, solar panels, semiconductors and other more technologically sophisticated industries. This is often perceived as a trade problem, with Chinese manufacturers producing too much, selling too...
China’s flash memory champion Yangtze Memory Technologies Co. has moved on to the next stage in the process toward an initial public offering, a sign that the nation’s next marquee listing is progressing apace despite earlier concerns about a potentially slower route.