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Japan Bets $67 Billion to Become a Global Chip Powerhouse Once Again
(Bloomberg) -- Deep in the snowy northern island of Hokkaido, Japan is pouring billions of dollars into a long-shot bet to revive its chip-making prowess and insulate its economy from growing US-China tensions.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsStocks Fall Before Nvidia’s Must-Watch Earnings: Markets WrapUS Tells Allies Russia May Launch
(Bloomberg) -- Deep in the snowy northern island of Hokkaido, Japan is pouring billions of dollars into a long-shot bet to revive its chip-making prowess and insulate its economy from growing US-China tensions. By industry standards it’s an implausible challenge for an 18-month-old venture in a country that has fallen far behind overseas rivals on semiconductor production.But with the US and China sparring over access to the latest chipmaking expertise and equipment, Japan’s government has sensed an opportunity to leverage Washington’s concern over supply chain security to get back into a game it once dominated. Over in Germany, budget turmoil has raised concerns about subsidies for TSMC and Intel Corp.“Japan this time has taken a bold approach and has implemented very quick decision-making,” Belgium-based microelectronics research hub Imec Chief Executive Officer Luc Van den hove said.
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