NEC Corporation
Coverage of NEC Corporation in the Nexus archive.
- AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems
AWS's top Asia executive is moving to Tokyo because the company believes Japan holds significant potential for AI adoption despite slow GDP growth. Japan must modernize its legacy IT systems to avoid a looming "digital cliff" that could cost $76 billion annually. In response, the country plans massive public and private investment into strategic sectors like semiconductors and physical AI.
- NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity
NEC has approved refinancing of the $3.3 billion Project Gazelle to optimize costs and unlock additional liquidity. The finance minister stated the arrangement frees up resources for strategic national priorities and strengthens the country's financing structures.
- Japan rallies tech-giant alliance to build sovereign AI
Japan is forming a consortium with SoftBank Corp., Sony, NEC, and Honda, funded by the government, to develop a national AI foundation model in partnership with the National Institute of Advanced Industrial Science and Technology. The initiative aims to challenge US and Chinese dominance in artificial intelligence.
- Japan wants 10 million more robots by 2040, some providing medical care
Japan aims to adopt 10 million robots by 2040, with some providing medical care and working in food manufacturing. The initiative, led by Economy Minister Ryosei Akazawa, involves AI-powered robots and a new collaboration between SoftBank, NEC, Sony Group, Honda, and potentially Fujitsu and Rakuten under the organization 'Noetra'.
- NEC’s orbital transfer vehicle has cislunar combat potential
Japan's NEC Corporation has launched a project to develop an Orbital Transfer Vehicle (OTV) designed to transport satellites to their intended orbits after rocket separation. The OTV technology could potentially enhance Japan's cislunar capabilities and reduce satellite fuel consumption by eliminating the need for onboard engines to reach destination orbits.