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Japan govt backs major firms in next-gen chip project
Japan govt backs major firms in next-gen chip project
by  AFP

The Japanese government will pour half a billion dollars into a new project to develop and make next-generation microchips, chief cabinet secretary Hirokazu Matsuno said Friday. The ministry will grant 70 billion yen to Rapidus to lead a research and development project for next-generation semiconductors, Matsuno said without elaborating.

Asian shares surge as investors cheer slower US inflation
Asian shares surge as investors cheer slower US inflation
by  AFP

Asian markets surged on Friday after a bumper session on Wall Street as lower US inflation dimmed expectations of more aggressive Federal Reserve rate hikes. The latest inflation data should be welcome news to Fed policymakers, because prices are "finally showing some response" to the steep rate hikes, said Rubeela Farooqi of High Frequency Economics.

Hurricane causes only minor damage to Artemis rocket
Hurricane causes only minor damage to Artemis rocket
by  AFP

After initial visual inspections, NASA said on Thursday that its new mega moon rocket apparently suffered no major damage after Hurricane Nicole hit Florida. Nicole made landfall Wednesday night on Florida's Atlantic Coast as a Category 1 hurricane.

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