U.S. food company Just Inc. and Japanese meat producer Toriyama Chikusan Shokuhin have forged a partnership for the development of lab-grown wagyu beef, with the aim of distributing their product globally.
Alliances & Technology Transfer
Taisho Pharmaceutical Holdings will purchase the French over-the-counter drugmaker UPSA from Bristol-Myers Squibb, the latest move by Japan's top seller of nonprescription medicines to expand overseas.
Hitachi is in the final stages of talks to acquire the power grid business of Switzerland's ABB for up to an estimated 800 billion yen ($7.06 billion), seeking to build up its overseas presence in a market poised for rapid growth.
Last year, Huawei Technologies Co. and wireless carrier SoftBank Group Corp. jointly demonstrated advanced 5G technology by pitting a human against a robotic arm in a game of air hockey in Japan.
Hitachi Ltd. said Monday it has reached a deal to purchase the power grid business of Swiss engineering group ABB Ltd., initially investing $6.4 billion for an 80.1 percent stake before a complete takeover in the future.
Fujifilm Corp. said Thursday it will invest a total of some ¥10 billion over the next three years in its bases in the United States for the development, production and sale of semiconductor materials.
ABB Ltd. and Hitachi Ltd. said they are in talks for a deal on power grids after the Swiss engineering giant was reported to be considering putting the division on the block earlier this year.
Japan's three main mobile phone carriers SoftBank Group, NTT Docomo and KDDI have decided not to use Chinese equipment in their 5G networks due to rising security concerns that spurred the Japanese government to block Huawei Technologies and other Chinese companies from public procurement.
Japanese trading house Marubeni will test out automated vehicles at airports serving the Tokyo and Nagoya areas next month, teaming with Tokyo-based autonomous driving startup ZMP.
Uber Technologies Inc. and Hitachi Ltd. are among the companies that will flood London with 3,000 electric vehicles as part of a study aimed at overcoming a shortage of charging points blamed for holding back sales.