Japan to invest $2.4bn in joint chip development centre with US
Japan to invest $2.4bn in jo...
Subscribe to Newsletter

Japan to invest $2.4bn in joint chip development centre with US

6 November 2022
2 min.
Japan to invest $2.4bn in joint chip development centre with US

Chip centre

The Japanese government plans to allocate about $2.38 billion to establish a joint R&D centre with the US to develop next-generation 2-nanometer semiconductors. This was reported by the Nikkei newspaper.

The agreement on its establishment was reached in late July, when the heads of foreign policy and economic ministries of Japan and the U.S. in the format of "2 +2".

IBM, which former Economy, Trade and Industry Minister Koichi Hagiuda visited in May, is among the candidates to participate.

450 billion yen will be spent to provide manufacturing centres for advanced semiconductors in Japan. The amount spent on the effort, including 617 billion yen in the supplementary budget last year, will exceed 1 trillion yen.

The government has already approved subsidies for Taiwan Semiconductor Manufacturing, Kioxia and US-based Micron Technology to build factories in Japan that produce semiconductors needed for data centres, artificial intelligence and other advanced technologies.

370 billion yen will be used to stimulate the strengthening of supply networks for materials such as silicon wafers and silicon carbide.

The Ministry of Economy, Trade and Industry is expanding support for semiconductors not only because of their importance to economic security, but also because it sees the historic depreciation of the yen as an opportunity to attract investment.

The aim is to create an economic cycle in which regional employment and wage growth are triggered by large-scale investment.

The research centre is expected to be established by the end of the year. The project will involve the University of Tokyo, Japan's National Institute of Advanced Industrial Science and Technology, and the Riken Institute of Natural Sciences. Several companies will participate in the project, but they will be named at a later date.

The Japanese authorities plan to allocate around $3.07 billion in subsidies to companies setting up semiconductor manufacturing facilities. Another about $2.52 billion will be spent on strengthening the supply chain of materials needed for chip production, including silicon wafers and silicon carbide.

The spending will be included in the second supplementary budget for this fiscal year. The technology investment was previously announced by Japanese Prime Minister Fumio Kishida.

Persons2 and Companies2 in the news

Chairman of the Policy Research Council of the Liberal Democratic Party
1 place
Prime Minister of Japan
2 place
Source foto:
Rating companies
15 Mention
14 Mention
12 Mention
10 Mention
Ford Motor Company
10 Mention
JP Morgan Chase
9 Mention
White House
7 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year