PRE-MARKET JAPANESE STOCKS NEWS: Renesas (6723 JT) teams up with US-based GlobalFoundries (GFS) to make next-gen auto chips

GS Yuasa (6674 JT) - Co. is to participate in a JPY 70.3bln lithium-ion battery plant project. (Nikkei)Renesas (6723 JT) - Co. teams up with US-based GlobalFoundries (GFS) to make next-gen auto chips. (Nikkei)SoftBank (9984 JT) - Co. dissolved its share stake in NVIDIA (NVDA), according to a SEC filing. (Newswires)Suzuki (7269 JT) - Co. rolls out its maiden EV in India with a battery rental plan to reduce upfront costs. (Newswires)Automakers - Toyota (7203 JT) and Honda (7267 JT) face a fuel cell car slump as hydrogen stations retreat. (Nikkei)Other NewsUS President Trump announced that the first batch of projects under the US-Japan trade deal will officially begin which include a gas-powered plant in Ohio, an LNG facility in the Gulf of Mexico, and a critical minerals plant in Georgia. (Nikkei)Japanese PM Takaichi is to unveil a sweeping budgeting reform, placing strategic investments under a ringfenced multi-year framework to enhance predictability and attract private capital, according to Nikkei citing a draft. Furthermore, "The draft calls for breaking with the entrenched practice of compiling budgets on the assumption that supplementary packages will follow." (Newswires)Japan's debt-servicing costs will rise to JPY 41.3tln in fiscal 2029 as interest rates climb, claiming 30% of the national budget, according to a Finance Ministry estimate. (Nikkei)