Japan goes all in on chips
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 28 June 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Sierra Leone’s president, Julius Maada Bio, has won a second term in office, the US Supreme Court rejects a Republican election plan, and a New York court has ruled that FTX’s Sam Bankman-Fried cannot dismiss the criminal charges against him. Plus, a leading Japanese semiconductor equipment maker has accepted a $6.4bn buyout offer from a state-backed fund.
Mentioned in this podcast:
Bio secures second term as Sierra Leone leader
US Supreme Court affirms state courts’ authority over election rules
Sam Bankman-Fried fails to dismiss criminal charges related to FTX
Japan steps into chip supply chain with $6.4bn JSR deal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.3 | Good morning from the Financial Times. Today is Wednesday, June 28th, and this is your FT News Briefing. |
| 0:18.5 | Sierra Leone's president has locked down a second term, and yesterday's US Supreme Court ruling |
| 0:24.8 | might have an enormous impact on the 2024 elections. Plus, Japan is snapping up a company, |
| 0:30.6 | it thinks is indispensable to the global semiconductor industry. I'm Mark Filipino, and here's |
| 0:36.0 | the news you need to start your day. |
| 0:42.8 | Sierra Leone's president just won himself another five years in office. The country's |
| 0:47.7 | electoral commission announced yesterday that Julius Mata-Bio received 56% of the vote. |
| 0:53.6 | This was a rematch of the 2018 election, with Bio running against former central bank |
| 0:58.4 | governor Samura Kamara again. The opposition is rejecting the results, though. Kamara said they |
| 1:04.6 | weren't credible, and international election observers from the EU said there was, quote, |
| 1:09.6 | a lack of transparency at critical stages. |
| 1:17.9 | The US Supreme Court came out yesterday with a huge ruling on the way elections are run. |
| 1:22.8 | The high court said that state courts should have the authority to review state election laws |
| 1:28.3 | the way they do now. Here to break this down is the FT Stefania Palma. Hi, Stefania. |
| 1:33.6 | Hi, Mark. All right. In non-legalese language, what exactly is this case about? |
| 1:40.8 | So the case stems from North Carolina lawmakers trying to appeal a decision that was taken |
| 1:51.0 | by lower courts in the state that had essentially ruled that electoral maps that had been |
| 1:58.2 | drawn up by North Carolina lawmakers were unconstitutional because they were drawn in a way that |
| 2:04.8 | would have likely favored Republican candidates in the states. Jerry Mandering, that's what that's |
| 2:10.0 | called, right? Correct. So why did the court rule against the GOP plan in this case? |
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