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Japan invests billions to revive semiconductor industry and regain global leadership
Japan is investing over 10 trillion yen ($65 billion) to revitalize its semiconductor industry, aiming to triple domestic chip sales by 2030. The initiative includes support for Rapidus, a state-backed venture focused on producing advanced 2-nanometer chips, as Japan seeks to regain its former chip leadership amid competition from Taiwan and South Korea. The plan also involves attracting global chipmakers like TSMC and Intel to bolster the local supply chain and enhance technological capabilities.
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