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Japan is ramping up efforts to revive its once dominant chip industry
Japan has announced its latest plan to boost the country's chip and AI industries as it works to regain its leading position in semiconductor technology.
"We will formulate a new assistance framework to attract more than 50 trillion yen in public and private investment over the next 10 years," Ishiba said, adding it would be part of broader "revitalization" efforts in Japan. The move comes amid broader efforts by Japan to bolster and diversify its semiconductor supply chain, with the government aiming to triple sales of domestically produced chips to more than 15 trillion yen by 2030. Rapidus chairman Tetsuro Higashi has reportedly called the company Japan's "last opportunity" to regain a leading semiconductor position on the global stage as it looks to catch up with leaders like Taiwan and South Korea.
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