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Here's your morning TNB Tech Minute for Thursday, January 22nd. I'm Julie Chang for the Wall Street Journal.

Foxconn and Mitsubishi Fuso Truck and Buzz have agreed to set up a bus company in the second

half of this year to develop and sell electric buses in Japan and abroad. Fuso is Daimler

Truck Holdings Japan Unit. The company said the collaboration will combine Fuso's expertise and design,

development, and manufacturing of buses with Foxcon's Zero Mission Vehicle Technology and Global Network.

The establishment of the new company is subject to shareholder and regulatory approvals.

Foxcon, which is best known for assembling Apple's iPhones, has been diversifying its business lines in recent years.

Ubisoft Entertainment shares plunged over 30% in Paris after the Assassin's Creedmaker announced a major structural overhaul, game discontinuations, and revised financial targets.

As we told you yesterday, the French

video game group said it would set up a new structure operating in April, centered on five

creative houses. Ubisoft lowered its fiscal 2026 net bookings guidance to 1.5 billion euros

and expects a 1 billion euro operating loss. And Elon Musk is a surprise late addition to the

World Economic Forum agenda. He's set to appear today at 10.30 a.m. Eastern Time on stage,

interviewed by W.E.F. Chair and BlackRock boss Larry Fink. Musk has been a major critic of

European politics and a supporter of right-wing movements

in the region.

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