Prime Minister of Japan, Kishida, and U.S. President Biden are set to agree on new subsidy rules for strategic products, including semiconductors, storage batteries, and permanent magnets, with the aim of reducing reliance on China. This agreement, reported by NIKKEI, is part of a broader effort to build supply chains that do not depend on Chinese resources. The decision will be formalized in a joint statement when the leaders from both countries meet next week. The move comes as both nations seek to address concerns over security and economic dependence on China for critical technology components.
πΊπΈ π―π΅ π¨π³ U.S., Japan to agree on subsidy rules on chips, batteries with #China in mind β Nikkei https://t.co/8rCaWecyYa
The U.S. and Japan will agree on subsidy rules on chips, storage batteries and permanent magnets to build supply chains that do not rely on China. The effort will be included in a joint statement when leaders from both sides meet next week. https://t.co/GvQuUmblTY
The U.S. and Japan will agree on new subsidy rules for strategic goods such as semiconductors, storage batteries and permanent magnets. https://t.co/GyelDGGd7O
BREAKING: U.S., Japan to agree on subsidy rules on chips, batteries with China in mind https://t.co/D52HQfE6Lg
πΊπΈπ―π΅π₯π¨π³ U.S., Japan to agree on subsidy rules on chips, batteries with China in mind The U.S. and Japanese governments will agree on new subsidy rules for strategic goods such as semiconductors, storage batteries and permanent magnets as the partners keep an eye on China.β¦ https://t.co/2jXR5Z0iM9
PRIME MINISTER OF JAPAN KISHIDA AND U.S. PRESIDENT BIDEN TO AGREE ON SUBSIDY RULES FOR STRATEGIC PRODUCTS INCLUDING CHIPS, BATTERIES - NIKKEI
π΄ JAPAN'S PM KISHIDA AND BIDEN ARE TO AGREE ON SUBSIDY RULES FOR STRATEGIC PRODUCTS INCLUDING CHIPS AND BATTERIES - NIKKEI.