Japan's industry minister unveiled Friday a strategy for domestic production of advanced chips through a new firm set up by eight leading Japanese companies, including Toyota Motor Corp. and Sony Group Corp., pledging to provide 70 billion yen ($494 million) in subsidies. With international competition to secure next-generation semiconductors intensifying, the government aims to produce sub 2-nanometer chips domestically through a partnership with the eight companies by the late 2020s. Industry minister Yasutoshi Nishimura told reporters that semiconductors are a key technology for promoting the digitalization and decarbonization of Japanese society.

https://english.kyodonews.net/news/2022/11/148c2f25de20-breaking-news-japan-announces-strategy-for-domestic-production-of-advanced-chips.html

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