Posted 11/10/2023, 5:33:00 AM
Japan Commits $13 Billion to Revive Domestic Chip Industry
- Japan allocating $13 billion in subsidies to boost domestic chip sector, regain status as major player
- Funds to be used for R&D, manufacturing, training to advance next-gen chip design and production
- Support aimed at luring foreign firms like TSMC and Micron to build plants in Japan
- Also backing local startup Rapidus' effort to develop cutting-edge 2nm chip fabrication
- Move driven by economic security concerns amid global chip shortages