Japanese Prime Minister Shigeru Ishiba has announced a significant commitment of more than $65 billion to strengthen Japan's semiconductor and artificial intelligence sectors over the next ten years.
This initiative, totaling over ¥10 trillion, aims to encourage both public and private investments, with a target of ¥50 trillion by fiscal 2030.
Ishiba emphasized that this financial support is intended to drive growth in these crucial industries, which are vital for Japan's technological advancement and economic competitiveness.
The government's strategic investment highlights its focus on enhancing the country's capabilities in high-tech sectors amidst growing global competition.