Japan is intensifying its efforts to rejuvenate its semiconductor industry, with the government pledging up to $25 billion in subsidies to boost domestic chip sales by 2030. The subsidies will be tied to safeguards against technology leaks, particularly in critical sectors such as chips and machine tools. Companies will be required to implement measures to prevent cross-border technology leaks to qualify for government aid, according to Nikkei. Additionally, Japan's government plans to offer loan guarantees for state-backed chipmaker Rapidus, which is seeking bank funding for the mass production of advanced semiconductors. The initiative, supported by Economy Minister Saito, is part of a broader strategy to support the chip, battery, and bio industries, as well as AI development and computing resources.
JAPAN ECONOMY MIN. SAITO: JAPAN ACTIVELY SUPPORTS CHIP, BATTERY, AND BIO INDUSTRIES, ALSO SUPPORTING AI DEVELOPMENT AND COMPUTING RESOURCES.
Japan's government plans to offer loan guarantees for state-backed chipmaker Rapidus as the company pursues bank funding for the mass production of advanced semiconductors. https://t.co/jQeyPugdfk
Japan will require companies in critical sectors including chips and machine tools to take steps to prevent cross-border technology leaks in order to qualify for government aid. https://t.co/1GsKkQnhm4
Japan is ramping up its efforts to revive its once-world-leading chip industry, with the government promising up to $25 billion in subsidies to help triple sales of domestically produced chips by 2030. https://t.co/C9neC6aPaH
JAPAN TO TIE CHIP, MACHINE TOOL SUBSIDIES TO TECH LEAK SAFEGUARDS - NIKKEI