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Japan will give Sumco Corp , a major maker of silicon wafers, a subsidy of up to 75 billion yen ($530 million) to fund additional capacity as part of efforts to bolster the country's semiconductor industry, the Nikkei newspaper reported on Tuesday. ....
A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR , which makes light-sensitive chemicals vital to manufacturing semiconductors, among other things. It will help Tokyo bolster its technology supply chains as the country looks to capitalise on jitters around Taiwan, home to many major chipmakers and suppliers. ....
South African-based crop nutrient manufacturer Omnia Holdings on Monday proposed a share buyback after strong cash generation in the year ended March 2023, driven by high fertilizer and mine explosive prices. ....
U.S. industrial conglomerate 3M Co and the city of Stuart, Florida are making "significant" progress to settle a water pollution suit tied to toxic "forever chemicals" and sought to delay a trial, according to a court filing on Sunday. ....
Chemours Co , DuPont de Nemours Inc and Corteva Inc on Friday said they had reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic "forever chemicals" for $1.19 billion. ....