Japan plans huge $65 billion incentive for chip production
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In recent years, developed countries have been preparing huge amounts of financial aid and incentives to develop their chip industries and minimize geopolitical risks. Trade wars, especially between the USA and China, have revealed that it is important to establish a local chip industry.
Japan steps up in chip production
The new draft prepared by the Japanese government, especially mass production of cutting-edge chips aims to support financially. Last year, Japan spent about $13 billion He announced that he would allocate it. The latest plan will be presented as part of the government’s comprehensive economic package, which will be approved by the cabinet on 22 November. in 10 years total to chips 325 billion dollars It will call for public and private investment. According to the draft, the government estimates that the economic impact will be approximately 1 trillion dollars expects it to be at the level.
Japan, which is lagging behind in the production of cutting-edge chips, will come together in 2022 with the coming together of many Japanese companies. Fast He created an initiative called. Rapidus, in partnership with IBM and Belgium-based research organization Imec, 2027on the northern island of Hokkaido from 2 nm It aims to mass produce chips.
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