Japan's government-backed fund's US$6 billion investment in a domestic tech company has raised eyebrows, as past investments have often been bailouts for struggling firms.
Rather than trying to save dying industries, Tokyo’s policy now appears to be focused on strengthening existing champions and ensuring their long-term viability. This is a continuation of its broader strategy aimed at rebuilding the semiconductor sector, for both national security and economic development reasons
JOLED Inc., an organic light-emitting diode display company created through a merger of Panasonic Corp.'s and Sony Corp.'s operations, said Monday it has filed for court protection with debt totaling 33.7 billion yen ($260 million).
Joled Inc, an organic light-emitting diode display company created through a merger of Panasonic Corp's and Sony Corp's operations, said Monday it has filed for court protection with debt totaling 33.7 billion yen. The company said it will pull out of the display manufacturing business and close its factories in…
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