Micron CEO Sanjay Mehrotra spoke before President Joe Biden at the Milton J. Rubenstein Museum in Syracuse, New York, on April 25, 2024, discussing the CHIPS and Science Act and the Investing in America agenda. The event aimed to highlight the importance of investing in semiconductor technology and innovation for economic growth and national security. Mehrotra’s remarks underscored the significance of government support for the semiconductor industry to ensure U.S. competitiveness in the global market.
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An inflation gauge tracked by the Bank of Japan just jumped to a seven-month high
The "core-core" inflation rate in Japan, excluding fresh food and energy prices, rose to 2.4%, prompting speculation of a rate hike by the Bank of Japan in early 2022. The core inflation rate reached 2.7%, exceeding expectations, while headline inflation hit 2.9%, the highest since August. Despite holding rates steady at 0.25%, the BOJ indicated a potential increase in the future to address rising inflation risks. Full Article
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