South Korea's industry ministry and SoftBank's chip unit, Arm Holdings, have signed an agreement to strengthen the country's semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday. The memorandum of understanding includes a plan for Arm to set up a chip design school in the country to tap its expertise in this area, Kim Yong-beom told reporters at a briefing. Learn More

The Dutch minister who triggered automotive supply chain turmoil by seizing control of chipmaker Nexperia said the intervention had worked and he made a conscious choice not to inform European allies or the U.S. or Chinese governments ahead of time. Economic Affairs Minister Vincent Karremans faced questions over his handling of Nexperia in a parliamentary debate late on Thursday, with lawmakers questioning his handling of the situation. Learn More

The U.S. Supreme Court next week weighs the legality of Donald Trump 's firing of a Federal Trade Commission member in a major test of presidential power over agencies set up by Congress to be insulated from White House control in a case that could imperil a 90-year-old legal precedent. The court hears arguments on Monday in the Justice Department's appeal of a lower court's decision that Trump exceeded his authority when he moved to dismiss Democratic FTC member Rebecca S