Japan to spend another $13 billion on chip and AI industries

SGGP 10/11/2023 06:24

The Japanese government is seeking 2 trillion yen (approximately $13.2 billion) in budgetary funding to support chip manufacturing and advancements in generative artificial intelligence (AI) technology.

Japan is working to revitalize its semiconductor industry. Source: Bloomberg

Japan's Ministry of Economy , Trade and Industry (METI) said that the additional budget will be used to support the development of a prototype production line for Japanese chipmaker Rapidus and an Intel research center, as well as to support advanced semiconductor design; to build a second TSMC chip factory in Kumamoto Prefecture on the southernmost main island of Kyushu; to support a new factory for Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) in Miyagi Prefecture, northeastern Japan; and to support the development of power semiconductors – a key component in electric vehicles.

In addition, over $1.3 billion will be allocated to funding areas including the development of supercomputers to process data for AI learning models.

Source: https://www.sggp.org.vn/nhat-ban-chi-them-13-ty-usd-cho-nganh-chip-va-ai-post713484.html