AGP Executive Report
Last update: 8 hours agoSemiconductors: Japan and the U.S. agreed on a chipmaking project worth up to $21 billion. GlobalFoundries will build two New York factories, with the first expected to open in 2029. Cybersecurity: Japan declared its first cybersecurity emergency after a wave of attacks exposed data belonging to millions of people, including 11.18 million Burger King Japan customers. Russia Tensions: Tokyo protested Moscow’s arrest of a Japanese journalist on espionage charges and denied claims of Japanese spying. Russia also notified Japan of a bombing drill on disputed Etorofu Island. Politics: Agriculture Minister Kazuo Yana resigned over scandals, the first departure from Prime Minister Sanae Takaichi’s cabinet; Takaichi tapped Arata Takebe as his successor. Markets: The Nikkei plunged 4.9% as a global sell-off in AI and chip stocks rattled investors. Security Policy: Takaichi said Japan would “seriously consider” nuclear-powered submarines as it reviews its security policies.
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