Factbox: Japan ramps up efforts to strengthen its chip industry

📆 26/06/2023 06:06:00
📰 Reuters

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Semiconductor materials maker JSR Corp's board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan's efforts to strengthen its chip industry.

Japan's state-backed Rapidus

it would build a chip plant in Chitose, a manufacturing hub on the nation's northern island of Hokkaido.to develop and produce cutting-edge 2 nanometre chips, aims to launch a prototype line in 2025.Japan, which has seen its share of the global semiconductor market fall from 50% in the late 1980s to about 10%, aims to

made in the country to 15 trillion yen by 2030 by encouraging investment and offering various forms of support.Rapidus secured an initial 70 billion yen of funding from the government, and local media reported in April that the government was finalising a plan to provide

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