The move comes as Japan works to revitalise its chip industry, and the European Union looks to reduce its dependence on China-dominated supply chains

Japan’s efforts follow increasing military aggression by neighbours China and Russia, which have been building their capability to target satellites

Tokyo’s financial regulator has reportedly asked its top banks about their response plans if China-US tensions escalate, particularly if Taiwan was invaded

Prior to sanctions imposed by the West, which cut Moscow off from international financial systems, Russia made the dividend payments in dollars

Japan has designated batteries for energy storage as important under an economic security law and earmarked close to $2.4 billion to support their supply and development

Chip designer Arm is looking to raise $8-$10 billion on Nasdaq, setting the stage for this year's largest initial public offering

Batteries are central to Japan’s plan to fuel clean energy expansion and be carbon neutral by 2050

Taiwan smartphone chip maker MediaTek said it will be using Arm's new technology for its next-generation smartphones

Leaders of the G7 last week agreed to create an intergovernmental forum called the "Hiroshima AI process" to debate issues around fast-growing AI tools

S&P said a listing for chip designer Arm, which has become a primary preoccupation for the group's chief Masayoshi Son, would improve asset liquidity

The development comes at a time when the US is increasingly urging its allies to work together to counter China's chips and advanced technology development

The findings come on the heels of a declaration by G7 finance ministers and central bank governors to support measures to counter illicit activities by state actors