News Formal

Factbox: Japan ramps up efforts to strengthen its chip industry

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan Investment Corp in $7 bln deal talks with chipmaker JSR -NikkeiState-backed Japan Investment Corp is in talks to buy the country's top chipmaker, JSR Corp , for about 1 trillion yen ($7 billion), the Nikkei business daily reported on Saturday.
Source: Reuters - 🏆 2. / 97 Read more »