Japanese Government to Subsidise Domestic Chip Output

Share post:

The Japanese Government has expressed its willingness to subsidise the construction of domestic chip factories and is determined to spend significant funds from this year’s supplementary budget to establish a fund at NEDO, a state-owned body focused on energy and industrial technology research and development.

As the Nikkei reports, a planned new plant of Taiwan’s TSMC is likely to be the first recipient, with other companies eligible for the subsidies if they ramp up chip production when supply is critical.

The government wants to subsidize up to half of TSMC’s estimated one trillion yen ($8.82 billion) investment in building a chip factory in Kumamoto, southern Japan.

The plant in Kumamoto, southern Japan, is focused on manufacturing semiconductors for cars, camera sensors and other products adversely affected by the global chip shortage and is expected to open in 2024.

Prime Minister Fumio Kishida has pledged to prioritize economic security in his government, such as increasing domestic semiconductor production.

For more information, you may view the original story from Reuters.

Featured Tech Jobs


Related articles

Canada’s privacy watchdog investigating hack at Global Affairs

Inquiry will look into adequacy of data safeguards at the federal

Sidebar: The powerful Digital Safety Commission

A look at the powers of the proposed five-person body charged with overseeing the Online

Proposed Canadian law puts burden on large internet providers to police child porn, hate

Designated social media providers, adult sites streaming services would have to remove some content withi

Cyber attack on Hamilton knocks out municipal phone, email

One of Ontario’s biggest cities is in the second day of dealing with a cyber attack. Hamilton, a municipality of about 570,000 on the shore of Lake Ontario, said Sunday it had suffered a city-wide phone and email “disruption” to municipal and public library services, which included the Bus Check Info Line and the HSRNow

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways