Japan wants to support the chip industry with 12 billion euros – IT business

2023-11-11 04:00:00

Japan wants to boost its own chip industry with a cash injection. A total of 2 trillion yen (around 12 billion euros) will flow into the sector, as the Japanese government announced on Friday. Part of the funds will be made available via a supplementary budget for the current fiscal year and will be used to support the Taiwanese chip manufacturer TSMC and the Japanese state-owned company Rapidus.

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