Indian renewables firm OMC Power, backed by Japan's Mitsui & Co and Chubu Electric Power, said on Monday that automaker Honda Motor has acquired a stake in the company to jointly develop clean energy storage batteries. OMC Power did not disclose the size of the stake or financial details. The deal marks Honda's entry into India's distributed clean energy industry. Learn More

Qualcomm on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market and sending its shares up 20%. The share gain following the news underscores strong enthusiasm for the company's AI bets while the smartphone chipmaker geared up to compete against Nvidia's AI data center heft. Learn More

U.S. President Donald Trump received a royal welcome on Monday in Japan, the latest leg of a five-day Asia trip which he hopes to cap with an agreement on a trade war truce with Chinese President Xi Jinping. Trump, making his longest journey abroad since taking office in January, announced a flurry of deals on trade and critical minerals with four Southeast Asian nations during the first stop in Malaysia and is set to meet Xi in South Korea on Thursday. Learn More