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☆ Goldman Sachs Japan chief to retire at year end - internal memo
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsTOKYO, Nov 20 (Reuters) - Goldman Sachs' Japan president Masanori Mochida has decided to retire at the end of the year after more than 38 years at the investment bank, according to an internal memo seen by Reuters. The internal memo dated Sunday from Goldman (GS.N) CEO David Solomon said Mochida will become a senior director, without mentioning who would succeed his role as president. He became co-branch manager of Goldman Sachs Japan in 1999. "Masa has served as an invaluable advisor to our most important clients across Japan and beyond on countless transactions, helping them advance their strategic objectives with Goldman Sachs at their side," the memo said.

Persons: Goldman Sachs, Andrew Kelly, Masanori Mochida, David Solomon, Mochida, Masa, Makiko Yamazaki, Stephen Coates Organizations: REUTERS, Rights, Japan, Reuters, Goldman, ichi Kangyo Bank, Mizuho Bank, Goldman Sachs Japan, Nippon Telegraph, Telephone, Financial Times, U.S, Thomson Locations: Manhattan , New York, U.S, Japan's, Japan, Tokyo

☆ 3 ways to know if your business could benefit from 5G
▼ + stars: | 2023-11-10 | by ( Iona Brannon | ) www.businessinsider.com time to read: +4 min

If your business occupies at least 500,000 square feet, 5G could provide the right connectivity. He added: "You have to put close to 6,000 to 7,000 WiFi access points to cover 1 million square feet. In fact, Ahmed said that a loose rule for 5G was: Large spaces of about half a million square feet or more benefit. Consider your security needsIf your business deals with sensitive data or requires high levels of security, 5G can be a wise choice. And 5G security is significantly more robust than anything WiFi has today because of that."

Persons: There's, —, Shahid Ahmed, Ahmed Organizations: Service, Telecom, 5G, Nippon Telegraph, Telephone Corp, FCC, WiFi

☆ Aeva to supply self-driving sensors to NTT-backed May Mobility
▼ + stars: | 2023-11-08 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Sensor is seen on a vehicle at Aeva Inc, a Mountain View, California-based startup that makes lidar sensors to help self-driving vehicles see the road in an undated handout photo provided September 4, 2020. Courtesy of Aeva Inc/Handout via REUTERS/ File Photo Acquire Licensing RightsNov 8 (Reuters) - Aeva Technologies (AEVA.N) on Wednesday said it has inked a deal to supply May Mobility with a key sensor for its self-driving shuttles. Silicon Valley-based Aeva has developed what is known as a lidar sensor that helps self-driving vehicles gain a detailed, long-range view of the road. Under the deal, Aeva will supply multiple sensors for "thousands" of May Mobility vehicles through 2028, Aeva Chief Executive Officer Soroush Salehian told Reuters in an interview. He said May Mobility will need to rewrite some of its software to use the Aeva sensors but that they will eventually improve the long-range sensing of its shuttles, which are based on Toyota Sienna minivans.

Persons: Cruise, Soroush Salehian, Edwin Olson, Olson, Stephen Nellis, Mark Potter Organizations: Aeva Inc, REUTERS, Aeva Technologies, Mobility, Motors, Japan's Nippon, Telephone, NTT, Toyota, Aeva, Reuters, May Mobility, Toyota Sienna, San, Thomson Locations: , California, Silicon, Michigan, San Francisco

☆ NTT says to test driverless vehicle tech with Toyota, invest in US startup
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A Toyota logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Japan's Nippon Telegraph and Telephone (NTT) (9432.T) plans to test driverless vehicle technology with Toyota Motor (7203.T) and invest in a U.S. startup developing self-driving systems, a spokesperson for the telecommunications firm said on Monday. The Nikkei newspaper first reported on Monday that NTT will invest in May Mobility, adding that both NTT and Toyota would jointly develop vehicles. Both the NTT spokesperson and a Toyota spokesperson said they had no plans for joint development. Cruise late that month suspended all driverless vehicle operations in the United States following an accident that led California regulators to order the company to remove its driverless cars from state roads.

Persons: David, Dee, Delgado, Cruise, Daniel Leussink, Maki Shiraki, Satoshi Sugiyama, Louise Heavens, Christina Fincher Organizations: New York, REUTERS, Rights, Japan's Nippon, Telephone, NTT, Toyota Motor, Nikkei, Toyota, Mobility, Tokio, Honda, General Motors, Cruise, Thomson Locations: Manhattan , New York City, U.S, Japan, Michigan, United States, California

☆ Japan's farmers are getting too old to work the land. 5G-powered smart tech is doing the heavy lifting for them.
▼ + stars: | 2023-10-30 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

In remote locations, 5G-powered tech is helping farmers produce crops with the support of experts. Smart farming was introduced into Japanese agriculture in 2020 by NTT AgriTechnology in Chōfu City, Tokyo, for a three-year project. This helps farmers monitor crops for disease and create a harvesting timeline while navigating conditions that can change daily. The next steps for 5G farming involve broadening the scale of these projects so that farmers can monitor more fields at a time, Ahmed and Masakuza said. To do that, companies and local governments will need to continue investing in private, local 5G networks, they added.

Persons: —, Abe Masakuza, Masakuza, Shahid Ahmed, Ahmed, NTT Ahmed Organizations: Private 5G, Service, Agriculture, Forestry, Smart, NTT AgriTechnology, Nippon Telegraph, Telephone, NTT, Hokkaido University, 5G, Farmers, Chōfu, Private Locations: Japan, Chōfu City, Tokyo, Tachikawa , Tokyo, Iwamizawa, Northern Japan

☆ India and Japan will be Asia's next power couple
▼ + stars: | 2023-10-19 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Indian Prime Minister Narendra Modi welcomes Japan Prime Minister Fumio Kishida upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsBENGALURU, Oct 19 (Reuters Breakingviews) - India and Japan are edging closer. Prime Minister Narendra Modi and Prime Minister Fumio Kishida's governments form part of the so-called Quad security grouping with the United States and Australia to counter Chinese expansionism in Asia. Now the two countries are setting up an investment fund together. That’s delivering on a pledge by Kishida to invest 5 trillion yen, or some $42 billion, into India over the next five years.

Persons: Narendra Modi, Fumio Kishida, Evan Vucci, Fumio, Kishida, Wood Mackenzie, Sajjan Jindal, India’s, Lakshmi Mittal, JBIC, Una Galani, Thomas Shum Organizations: Indian, Japan, Bharat, REUTERS Acquire, Rights, Reuters, National Investment, Infrastructure Fund, Japan Bank, International Cooperation, Japan External Trade Organization, Nippon Telegraph, Telephone, Reuters Graphics, Teck Resources, Nippon Steel, ArcelorMittal, Japan Fund, Thomson Locations: New Delhi, India, Japan, United States, Australia, Asia, Reuters Graphics India, China, Russia, South, Teck, Indian

☆ How Las Vegas' private 5G network is making roads safer and getting local kids online for free
▼ + stars: | 2023-09-28 | by ( Iona Brannon | ) www.businessinsider.com time to read: +8 min

When COVID forced kids into remote school, the city of Las Vegas learned many couldn't get online. A grant helped officials build a private 5G network that connected hundreds of students for free. "So we successfully hooked up several hundred students onto our private 5G network, which gave them connectivity from their homes through the city's network to their schools." This would be supplemented by commercial carriers such as Verizon and AT&T in areas where the private network wouldn't reach. Looking ahead, Ahmed sees many use cases for a private 5G network and expects them to grow in popularity as cities harness the power of artificial intelligence to create safer environments.

Persons: COVID, —, Michael Sherwood, Sherwood, Clark, Shahid Ahmed, Ahmed, they've, Bill Baver, Baver Organizations: Service, Clark County School District, Economic Development Administration, Private, Verizon, AT, Las Vegas, Nippon Telegraph, Telephone Corp, Frankfurt Airport, NTT, City Hall, Smart Solutions Locations: Las Vegas, Vegas, Clark County's, Las, Germany

☆ Japan says may take China to WTO over Fukushima-driven seafood import ban
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Japanese Foreign Minister Yoshimasa Hayashi told reporters that Japan would take "necessary action (on China's aquatic product ban) under various routes including the WTO framework". Filing a WTO complaint might become an option if protesting to China through diplomatic routes is ineffective, Economic Security Minister Sanae Takaichi said separately. Japan's National Police Agency has received 225 reports of harassment calls to date, Jiji News reported, and the government said it was seeking help from telecommunications companies to block the calls. NTT and other phone companies including KDDI (9433.T) and SoftBank Corp (9434.T) are discussing measures following the government's request. "It is extremely regrettable and concerning about the large number of harassment calls that have likely come from China," Trade Minister Yasutoshi Nishimura said during a news conference.

Persons: Tom Bateman, Yoshimasa Hayashi, Sanae Takaichi, Yasutoshi Nishimura, Nishimura, Kantaro Komiya, Mariko Katsumura, Sakura Murakami, Chang, Ran Kim, Simon Cameron, Moore, Jacqueline Wong Organizations: REUTERS, Rights, World Trade Organization, Economic, Japan's National Police Agency, Jiji News, NTT Communications, Nippon Telegraph, Telephone, NTT, SoftBank Corp, Thomson Locations: Fukushima, Fukushima Prefecture, Japan, China, WTO

☆ Silkworm sashimi, cricket curry on menu as bugs make a comeback in Japan
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

[1/5] Almond tofu with beetle larvae is pictured at Take-Noko cafe in Tokyo, Japan, July 21, 2023. REUTERS/Kim Kyung-HoonTOKYO, July 26 (Reuters) - On a recent vacation in Tokyo, Takumi Yamamoto opted for a special lunch of cricket curry and silkworm sashimi, washed down with a water bug cider. In particular, the water bug cider was quite refreshing and delicious, like a green apple." While some consumers think eating insects is just gross, Japan has a rich culinary history of insects as food. The delicate "sashimi" is the left-over casing of silkworms, and the cider is infused with water bug extract and topped with a whole insect, said to taste like shrimp.

Persons: Kim Kyung, Hoon, Takumi Yamamoto, Yamamoto, Entomophagy, Michiko Miura, Miura, Takeo Saito, Saito, Rocky Swift, Tom Bateman, Miral Organizations: REUTERS, United, Grasshoppers, Nippon Telegraph, Telephone, Takeo, Thomson Locations: Tokyo, Japan, Hoon TOKYO, Hyogo, United Nations, silkworms, Pasco

TOKYO, Nov 11 (Reuters) - Japan said on Friday it will invest up to 70 billion yen ($500 million) in a new semiconductor company led by tech firms including Sony Group Corp (6758.T) and NEC Corp (6701.T) as it rushes to re-establish itself as a lead maker of advanced chips. The new chip company will be named Rapidus and aims to begin making chips in the second half of the decade, he added. Japan is also concerned that China may attempt to take control of Taiwan, the global hub for advanced chip production. In July Japan also offered a 93 billion yen subsidy to help memory chip makers Kioxia Corp and Western Digital Corp (WDC.O) expand output in Japan. In September it pledged to give U.S. chipmaker Micron Technology (MU.O) $46.5 billion yen so it can add production capacity at its plant in Hiroshima.

☆ NTT, Kioxia to invest in new Japan-backed logic semiconductor firm - TV Tokyo
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of NTT (Nippon Telegraph and Telephone Corporation) is displayed at the company office in Tokyo, Japan September 29, 2020. REUTERS/Issei KatoTOKYO, Nov 10 (Reuters) - Japanese companies, including Nippon Telegraph and Telephone Corp (9432.T) and Kioxia Holdings Corp, have decided to invest in a new government-backed company that aims to mass-produce next-generation logic semiconductors, TV Tokyo reported on Thursday. Other companies, including Toyota Motor Corp (7203.T), Sony Group (6758.T), SoftBank (9434.T) and Denso Corp (6902.T), also plan to invest about 1 billion yen ($6.84 million) each into the new company, the Nikkei newspaper reported separately. Japan's government will set up a new research centre by the end of 2022 to develop sub 2-nanometer semiconductors, which will be led by a former Tokyo Electron Ltd (8035.T) president, TV Tokyo also said. ($1 = 146.2800 yen)Reporting by Kantaro Komiya; Editing by Jan Harvey and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

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