Ahead of G7, Japan PM welcomes more investment from global chipmakers

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Prime Minister Fumio Kishida said he welcomed and expected more investment from global chipmakers in Japan, which is striving to revive its chip sector, after meeting top executives on Thursday before a Group of Seven summit.

, that stabilising supply chains would be a topic of discussion at the G7 talks in the western city of Hiroshima.

An industry ministry official later said Kishida wanted to foster cooperation to strengthen semiconductor supply chains, while Industry Minister Yasutoshi Nishimura said Japan would use 1.3 trillion yen of the supplementary budget from the last fiscal year to support the semiconductor business in Japan.

 

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