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Resonac, Nitto Denko Invest in Silicon Valley Fund for Hardware Technology Startups

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Resonac (TYO:4004), Nitto Denko (TYO:6988) and Sojitz (TYO:2768) have invested in Matter Venture Partners' second fund, which closed at $450 million to back early-stage HardTech startups.

The fund will invest in startups spanning semiconductors, robotics and physical AI, AI infrastructure, quantum computing, and advanced manufacturing, among other areas.

Other strategic limited partners include ASML, Development Bank of Japan, Kleiner Perkins, Quanta Computer (TPE:2382) and TSMC (TPE:2330), according to a statement on Wednesday.

Matter Venture Partners is a Silicon Valley venture capital firm that invests in early-stage hardware technology startups.

What else is happening in Asia?

Asia

Market Chatter: China Airlines Plans Codeshare Partnership with Britain's Virgin Atlantic

China Airlines (TPE:2610) plans to launch codeshare partnership with Britain's Virgin Atlantic Airways, according to a Focus Taiwan report on Wednesday, quoting the airlines' president Kevin Chen.Initially, China Airlines, and Virgin Atlantic will share flight codes on each other's services and will subsequently tap into complementary route networks to faciliate better flight services between Taiwan and the UK, Chen said.China Airlines' sahares were up over 1% in Thursday's trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2610
Asia

China Petrochemical Unit Wins Court Ruling Revoking Land Seizure

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TPE:1314
Asia

Lotus Pharmaceutical's Unit to Reduce Capital by $70 Million

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TPE:1795