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Chip shortage turns repair of Japan factory into national effort

Bloomberg Japan’s government and businesses are racing to bring a fire-damaged automotive chip plant back online, underscoring how important the component has become in a supply chain already under strain because of booming demand for semiconductors. The Ministry of Economy, Trade and Industry is mobilising to help Renesas Electronics Corp., one of the top providers of chips used in car ...

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N Korea fires cruise missiles in first such test since July

Bloomberg North Korea fired off a pair of cruise missiles on the heels of an Asian trip by top US officials, putting a fresh spotlight on Biden administration deliberations over how to resolve a key security dilemma. The two missiles were fired from South Pyongan province and flew over the sea between the peninsula and China, the South Korean Defense ...

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South Korea supports Biden’s hate crimes fight, says minister

Bloomberg South Korea’s top diplomat said the US ally will stand by Washington’s side in its fight against hate crimes. “We will continue to actively support the efforts of the US government to fight against hate crimes, and stand firmly by its side against hatred and violence,” South Korea’s Foreign Minister Chung Eui-yong said in a text message to reporters ...

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