AGP Executive Report
Last update: 10 hours agoSemiconductor Push: Rapidus says it has completed an additional ¥150 billion funding round from Japan’s IPA, lifting total funding to ¥424.95 billion as the government shifts from subsidies toward direct ownership to accelerate 2nm chip production. AI Networking Investment: NTT plans an “IOWN AI Fund” with assets over ¥70 billion, partnering with SK Group and Chunghwa Telecom to back AI-related optical network and chip startups across North America, Asia and Europe. Macro Watch: Japan’s Q1 real GDP was revised down to a 1.8% annualized growth rate, with weaker capital spending (especially software and production machinery) driving the downgrade. Market Mood: Asian stocks slid as investors digested higher-rate fears and Middle East tensions that pushed oil higher, weighing on tech and AI-linked shares. Healthcare Deal: GNI Group agreed to buy Ayumi Pharmaceutical Holdings from Blackstone-led investors in a deal valuing Ayumi at about ¥44.8 billion, expanding pain-management reach in Japan. Energy Inflation Spillover: OECD headline inflation rose to 4.4% in April as energy costs surged, while Japan’s inflation stayed negative. Corporate Real Estate: Japan’s corporate real estate sales hit an 18-year high on strong demand, signaling continued deal activity despite market volatility.
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