Global Economic Shifts: Japan Backs AI Chips with Trillions in Loans, EU Eyes Combustion Engine Delay, and Extra Budget Passed in Tokyo
Stock Market News·2025-12-11 11:08
Key TakeawaysJapan's three megabanks have expressed their intent to provide up to 2 trillion yen (approximately $13.7 billion USD) in loans to domestic AI chipmaker Rapidus, marking a significant private sector commitment to the nation's advanced semiconductor ambitions.The European Union is considering a five-year delay to its 2035 ban on new combustion engine vehicle sales, with a critical review now scheduled for December 16, driven by intense lobbying from the automotive industry and concerns over the p ...