Japan will invest $13 billion in chip production – Kommersant
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Japan’s Ministry of Economy, Trade and Industry is set to invest ¥2 trillion ($13 billion) to boost local semiconductor manufacturing and development. This is reported by Bloomberg. “The global economic security situation regarding semiconductors is becoming increasingly serious. We are seeing great interest from companies, both foreign and local, who want to invest in Japan,” the ministry said.
Japan was the top semiconductor producer in the 1980s, but has since lost ground to players such as Taiwan, South Korea and China and is now looking to re-establish itself in the market. One of the important areas of development is the development and production of the most advanced and modern chips. Last year reportedthat Japan and the United States will create a joint research center to develop a new generation of microchips using the 2 nm process technology. Japanese authorities also cooperate with companies such as Taiwanese TSMC and American Micron Technologyproviding them with subsidies and investing money in the construction of their factories in the country.
In recent years, many countries have sought to develop their own semiconductor production. The most ambitious plans in this area are CHIPS for America in the USA (provides for investments of $52.7 billion in this area) and similar plans EU with investments of €43 billion.
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