SoftBank's Arm plans to launch AI chips in 2025
TOKYO/LONDON -- SoftBank Group subsidiary Arm will foray into the development of artificial intelligence chips, seeking to launch the first products next year.
Asian news from Tokyo
Mighty dollar pushes Asian governments to boost currency protection
TOKYO -- Asian governments are increasingly taking action to stop the fall of their currencies that have been battered this year by the mighty U.S. dollar.
SoftBank posts second quarter of profit as AI boom lifts shares of chip designer Arm
The Tokyo-based company earned a better-than-expected net income of 231.1 billion yen (US$1.5 billion) in the March quarter, compared with a net loss of 57.6 billion yen a year earlier, helped by investment gains at the holding company and on derivative contracts. For the full year, SoftBank reported a narrower net loss of 227.7 billion yen, beating expectations.
Japan's military needs more women. But it's still failing on harassment
TOKYO — As Japan embarks on a major military build-up, it's struggling to fill its ranks with the women that its forces need and its policymakers have pledged to recruit.
China carbon prices near record high as regulations tighten
TOKYO -- China's carbon allowances are trading in record-high territory as the country's biggest polluters scramble to buy emissions credits amid tightening government regulations.
Toyota stock slumps despite weaker yen and record profit
TOKYO -- Toyota's share price has slipped about 10% in the past six weeks even as the yen has weakened, running counter to the conventional wisdom that a softer currency helps to buoy Japanese stocks.
Yen's fall highlights Japan's overreliance on overseas tech giants
TOKYO -- The weak yen has highlighted Japan's economic vulnerability, as its industries depend heavily on cloud servers provided by overseas Big Tech companies such as Amazon.
More subsea cables bypass China as Sino-U.S. tensions grow
TOKYO -- Growing geopolitical tensions between the U.S. and China have begun to affect the flow of global data due to an expected sharp fall in new undersea cables linking China with the rest of the world.