Japan to invest up to $500 million in new advanced chip development company

TOKYO : Japan will invest up to 70 billion yen in a new semiconductor company led by major Japanese tech firms including Sony Group Corp and NEC Corp that aims to re-establish Japan as a leading maker of advanced chips.

"Semiconductors are going to be a critical component for the development of new leading edge technologies such as AI, digital industries and in healthcare," Minister of Economy, Trade and Industry Yasutoshi Nishimura said at a news briefing.

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Japan companies hold firm on capex plans with focus on tech- Reuters pollTOKYO : A majority of Japanese firms plan to focus their capital spending on technology next year, with investment plans largely unaffected by a plunge in the yen, a Reuters monthly poll showed.While overall pessimism about the economic outlook remains, the survey backs up reports by the Japanese governme
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