Japanese government pledges further $13.3B to shore up domestic chip sector
The Japanese government has allocated an extra $13.3 billion (two trillion yen) to boost its domestic semiconductor industry.
The funding is expected to be split between manufacturing and R&D, according to The Japan Times, which reported that the majority of the money will likely go to supporting TSMC and Rapidus. About $376 million (570 billion yen) will be assigned to a separate fund to enhance the stable supply of chips to Japan, the report said.
The decision comes at the end of a year where both government subsidies and company investments and innovations have sought to significantly bolster the country’s chip manufacturing abilities and place it at the cutting edge of semiconductor technology.