Japan Plans $13 Billion Investment in Chip Industry to Foster Sector Growth

Japan's Economy Ministry is planning to invest a total of $13 billion in subsidies to drive investment in its chip industry, aiming to regain its status as a major semiconductor power. The investment is part of Japan's efforts to foster the chip sector, with an additional $13.3 billion pledged to shore up the domestic chip sector. The move has been described as 'impressive' by a research organization head.