Japan is ramping up efforts to revive its once dominant chip industry
Japan has announced its latest plan to boost the country's chip and AI industries as it works to regain its leading position in semiconductor technology.
The proposal will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, Prime Minister Shigeru Ishiba said earlier this week.
"We will formulate a new assistance framework to attract more than 50 trillion yen in public and private investment over the next 10 years," Ishiba said, adding it would be part of broader "revitalization" efforts in Japan.
The plan will be part of a comprehensive economic package to be finalized in November and will be financed through subsidies, government institution investments and debt guarantees, according to local media.
The move comes amid broader efforts by Japan to bolster and diversify its semiconductor supply chain, with the government aiming to triple sales of domestically produced chips to more than 15 trillion yen by 2030.
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65 billion dollars is definitely enough to get them back in the race. But US, China and Europe will respond with more investments especially China government they believe in innovation so much they invest like crazy