Saturday, April 11, 2026

Japan approves an additional $4B in subsidies to Rapidus to bankroll the chipmaker's work for Fujitsu, taking the total state investment and fees to $16.3B (Mari Kiyohara/Bloomberg)

Mari Kiyohara / Bloomberg:
Japan approves an additional $4B in subsidies to Rapidus to bankroll the chipmaker's work for Fujitsu, taking the total state investment and fees to $16.3B  —  Japan approved ¥631.5 billion ($4 billion) in additional subsidies to quicken Rapidus Corp.'s entry into the high-stakes AI chipmaking arena …



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...