FT News Briefing Japan goes all in on chips
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Jun 28, 2023 Sierra Leone's president secures a second term amid fraud accusations. The US Supreme Court affirms state courts' power over election laws, impacting future electoral strategies. Meanwhile, significant developments in Japan's semiconductor sector emerge, including a $6.4 billion acquisition that enhances their global competitiveness. This move is crucial as Japan aims to strengthen its position against rivals like the US and China in the chip supply chain.
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Sierra Leone Election
- Sierra Leone's President, Julius Maada Bio, secured a second term despite opposition and observer concerns.
- International observers noted a lack of transparency in the electoral process.
US Supreme Court Election Ruling
- The US Supreme Court ruling affirms state courts' authority to review election laws, rejecting the GOP's 'independent state legislature' theory.
- This decision safeguards voting rights and checks potential partisan manipulation of electoral maps.
Japan's Chip Strategy
- Japan is capitalizing on the US-China chip war by strategically investing in its semiconductor industry.
- The government-backed fund's acquisition of JSR aims to bolster Japan's position in the global chip market.