On October 5, Japan’s NEC Corp. announced that it will purchase Swiss financial solutions provider Avaloq Group AG for CHF 2.05 billion (USD 2.25 billion), making it the biggest acquisition ever for NEC.
Alliances & Technology Transfer
A startup founded at the University of Tokyo has moved a step closer to developing flying cars by teaming with an aircraft component maker.
The startup, which is aiming to commercialize a single-passenger vehicle that flies with propellers, has formed a capital and business partnership with Yoshimasu Seisakusho, a Tokyo-based producer of aircraft engine parts.
Yoshimasu will invest 50 million yen ($470,000) into teTra and help the startup build titanium and aluminum components that need to withstand high temperatures.
Japanese convenience store operator Lawson has partnered with NEC to run an Indonesian pilot shop that uses video analysis to better determine shopping habits and inventory choices.
Japan's Fujifilm Holdings said Monday that it has won an order to produce a key component of American biotechnology company Novavax's coronavirus vaccine candidate at a site in the U.K.
Japanese marine shipper Nippon Yusen has opened a facility in the Philippines that monitors ships for breakdowns and disrepair by analyzing real-time data through artificial intelligence.
Mitsubishi Chemical will build a new factory in Taiwan next year to boost supply of semiconductor materials for Taiwanese producers, Nikkei learned on Monday, the latest example by Japanese companies to ride the growing demand for 5G internet services.
Mitsubishi Estate will make a full entry into agriculture through a capital partnership with a major domestic horticulture company, with an eye to taking technology-based farming abroad.
Japanese air-conditioner maker Daikin Industries will develop a high-performance reusable medical face mask in cooperation with the National Cerebral and Cardiovascular Center and CrossEffect, a Kyoto-based three-dimensional engineering company.