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Japan approves additional $4 billion for chipmaker Rapidus

TOKYO, April 11 (Reuters) - Japan's industry ministry said on Saturday it has approved an additional 631.5 billion yen ($3.96 billion) to accelerate research and development at chipmaker Rapidus. The support is part of the government's efforts to boost domestic production of advanced semiconductors and... Read More.

Drone maker AEVEX eyes $2.35 billion valuation in US IPO

April 9 (Reuters) - Private equity-backed drone maker AEVEX said on Thursday it was targeting a valuation of up to $2.35 billion in its U.S initial public offering, the latest defense firm looking to capitalize on investor appetite. The Solana Beach, California-based company, backed by... Read More.