At the Tokyo market open today, the Nikkei 225 rebounded, while TDK and Taiyo Yuden reached an agreement in principle to jointly develop next-generation electronic components, providing a catalyst for semiconductor-related stocks.
Buying led the market, with the Nikkei 225 opening ¥647 higher than the previous day at ¥66,128, as semiconductor stocks helped support the downside.
TDK and Taiyo Yuden rose sharply after reaching an agreement in principle to jointly develop next-generation electronic components. The release said the companies will combine development resources for high-performance capacitors for AI applications and will also consider a future capital tie-up.
Nidec attracted buy orders after announcing that the president changed from Kishida (岸田) to Kaida Michio (戒田 理夫), who was appointed as the new president and executive officer.
JX Metals announced that it has begun a joint study with US-based Tronox to consider entering the rare-earth smelting business. Total costs are expected to be US$32 million, with each company bearing 50%. The companies plan to advance the business feasibility assessment by 2027.