Japan to invest up to 500 million dollars to manufacture advanced chips
The HinduJapan said on Friday it will invest up to 70 billion yen in a new semiconductor company led by tech firms including Sony Group Corp. and NEC Corp. as it rushes to re-establish itself as a lead maker of advanced chips. As part of that, Japan's government is offering financial aid to encourage foreign chip makers to build plants in Japan, including 400 billion yen to help Taiwan Semiconductor Manufacturing Co., the world's leading maker of logic chips, build a plant in Kumamoto prefecture that will supply semiconductors to Sony and autopart maker Denso Corp. In July, Japan also offered a 93 billion yen subsidy to help memory chip makers Kioxia Corp. and Western Digital Corp. expand output in Japan. The new chip company represents the next phase in Japan's semiconductor strategy and is a further indication of its deepening cooperation in technology development with the United States after the two countries in July agreed to establish a new joint research centre to develop faster and more power-efficient next-generation 2-nanometre semiconductors.
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