PRE-MARKET JAPANESE STOCKS NEWS: Renesas (6723 JT) teams up with US-based GlobalFoundries (GFS) to make next-gen auto chips
Renesas teaming up with GlobalFoundries to produce next-gen auto chips signals a strategic move to enhance its position in the competitive semiconductor market.
IMF says if volatility hits market liquidity, the BoJ should be ready for targeted interventions, such as emergency bond buying, and that Japan should avoid cutting consumption tax as it would weaken fiscal space and raise fiscal risks
Australian Westpac Leading Index MoM (Jan) M/M -0.1% (Prev. 0.1%)
PRE-MARKET JAPANESE STOCKS NEWS: Renesas (6723 JT) teams up with US-based GlobalFoundries (GFS) to make next-gen auto chips
Australian Westpac Leading Index MM (Jan) -0.1% (Prev. 0.1%)
PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from NAB. Dexus, Iluka, Mirvac & Santos, while SGH and Steel Dynamics boost bid for BlueScope Steel
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GS Yuasa (6674 JT) - Co. is to participate in a JPY 70.3bln lithium-ion battery plant project. (Nikkei)
Renesas (6723 JT) - Co. teams up with US-based GlobalFoundries (GFS) to make next-gen auto chips. (Nikkei)
SoftBank (9984 JT) - Co. dissolved its share stake in NVIDIA (NVDA), according to a SEC filing. (Newswires)
Suzuki (7269 JT) - Co. rolls out its maiden EV in India with a battery rental plan to reduce upfront costs. (Newswires)
Automakers - Toyota (7203 JT) and Honda (7267 JT) face a fuel cell car slump as hydrogen stations retreat. (Nikkei)
Other News
US President Trump announced that the first batch of projects under the US-Japan trade deal will officially begin which include a gas-powered plant in Ohio, an LNG facility in the Gulf of Mexico, and a critical minerals plant in Georgia. (Nikkei)
Japanese PM Takaichi is to unveil a sweeping budgeting reform, placing strategic investments under a ringfenced multi-year framework to enhance predictability and attract private capital, according to Nikkei citing a draft. Furthermore, "The draft calls for breaking with the entrenched practice of compiling budgets on the assumption that supplementary packages will follow." (Newswires)
Japan's debt-servicing costs will rise to JPY 41.3tln in fiscal 2029 as interest rates climb, claiming 30% of the national budget, according to a Finance Ministry estimate. (Nikkei)
This partnership could strengthen supply for the automotive industry and may lead to increased collaboration among major firms like Toyota and Honda, potentially reshaping market dynamics and tech adoption in Japan’s auto sector. Overall, it reflects broader trends in tech partnerships amid rising demand for advanced automotive chips.
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