FT News Briefing cover image

FT News Briefing

The US-China ‘cat and mouse game’

Aug 28, 2024
11:48
Snipd AI
Elon Musk, the visionary CEO of SpaceX, discusses the escalating tensions between the U.S. and China, particularly surrounding semiconductor materials like gallium and germanium. He delves into how China's export controls are affecting global supply chains and prices. The conversation also highlights NASA's shift from Boeing to SpaceX for astronaut transport due to Boeing's recent technical setbacks. Musk shares insights into the fierce competition in the space industry and the strategic maneuvers involved in this economic tug-of-war.
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Podcast summary created with Snipd AI

Quick takeaways

  • Seven & I Holdings is working to secure government protection against a takeover bid, highlighting Japan's evolving M&A landscape.
  • China's semiconductor export controls are disrupting global supply chains, underscoring the critical technological dependencies between the U.S. and China.

Deep dives

Japanese Conglomerate Seeks Protection from Takeover

The owner of 7-Eleven, Seven & I Holdings, is attempting to avoid a takeover bid from Canadian company Kushtar, which could mark the largest foreign acquisition of a Japanese company. The Japanese conglomerate is exploring the possibility of obtaining a core rating from the government, typically reserved for strategically critical sectors like semiconductors. By achieving this designation, it may compel the Japanese finance ministry to closely examine the takeover, potentially offering Seven & I more protection. This maneuver highlights the evolving landscape of mergers and acquisitions in Japan, particularly influenced by new guidelines aimed at facilitating such deals.

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