Friday, 24 March, 2023

Japan to increase funding to promote local chip production

<p>Japan, as per the newspaper Nikki report, is to increase investment to speed up local production of advanced semiconductors and batteries. Under the draft growth blueprint set to be finalized earliest by June, Japan also plans to promote large-scale funds to develop batteries for electric cars. The government plans to increase its current 200 bn-yen funds for the program. Japan aims to have 40% of the global market share in next-gen power semiconductors in 10 years.</p>