Micron to invest $3.7 billion in Japan for new DRAM chips

(Reuters) -Micron Technology Inc said on Wednesday it plans to invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology over the next few years with support from the Japanese government. The latest extreme ultraviolet lithography (EUV) chipmaking machines will be used to make 1-gamma chips, which can be used for mass…

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As household budgets tighten, big brands double down in dollar stores

By Jessica DiNapoli NEW YORK (Reuters) – Makers of brand-name household basics like Dunkin’ coffee and Schick razors are bulking up sales teams and adding specialized and lower-cost products to the shelves of America’s ubiquitous dollar stores in a bid to reach more budget-conscious shoppers. Razor manufacturer Edgewell Personal Care Co and Kraft Heinz Co…

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Walgreens reaches $230 million opioid settlement with San Francisco

By Jonathan Stempel (Reuters) -San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance Inc over its role in the city’s opioid epidemic. The settlement came nine months after U.S. District Judge Charles Breyer in San Francisco said the drugstore chain could be held liable for having “substantially contributed” to…

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Factbox-Why does the US want to ban TikTok? The allegations against it

WASHINGTON (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state to “protect Montanans” from alleged Chinese surveillance, making it the first U.S. state to ban the popular short video app. Here is a detailed list of U.S. allegations against the company and its parent, Bytedance….

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Column-Investors favor Japan’s rising sun over China’s fading star: McGeever

By Jamie McGeever ORLANDO, Florida (Reuters) – Long Japan, short China. If there is a general macro, relative value trade playing out right now, it might be that as the contrasting fortunes of Asia’s economic and financial behemoths become starker by the day. China’s economy is rapidly losing steam and investor appetite for Chinese assets…

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