Home World News Japan’s New Economy Minister Pledges Continued Support for Chip Manufacturing Revitalization

Japan’s New Economy Minister Pledges Continued Support for Chip Manufacturing Revitalization

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Japan’s New Economy Minister Pledges Continued Support for Chip Manufacturing Revitalization

Minister Takeru Saito Vows to Sustain Momentum in Chip Industry Growth

Japan’s newly appointed Minister of Economy, Trade and Industry, Takeru Saito, assured on the 20th of ongoing support measures to rejuvenate the country’s chip manufacturing base. This commitment includes extending subsidies to prominent players like TSMC and backing Japan’s national chip startup, Rapidus.

Rapid Decision-Making: Japan’s Swift Moves Garner Global Recognition

Takeru Saito proudly highlighted Japan’s rapid decision-making and execution speed, branding it as the world’s fastest. Notable achievements include TSMC’s selection of a factory location, showcasing Japan’s efficiency in facilitating crucial industry decisions.

Expanding on Success: Saito Aims to Amplify Speed Advocated by Predecessor

Inheriting the legacy of former minister Yasunomi Nishimura, Minister Takeru Saito expressed his commitment to continue and expand upon the unprecedented speed achieved by Japan in critical decision-making. This initiative is vital for sustaining the growth and success of the chip manufacturing sector.

TSMC Eyes Japan Expansion: Government Support Encourages Further Investment

According to Reuters, TSMC contemplates expanding its business in Japan, citing the favorable dealings with the Japanese government and its willingness to provide substantial subsidies. The decision to establish the location for the first wafer fab was a notable result of this supportive environment.

Reviving Glory: Financial Support for Rapidus in Pursuit of 2nm Logic Chips

Japan’s government, in its pursuit to restore the chip industry’s former prominence, actively supports Rapidus, a national chip company led by industry veterans. Rapidus aims to achieve mass production of 2nm logic chips, aligning with Japan’s strategic goals in semiconductor manufacturing.

Balancing Support: Government Commits to Vigilant Oversight of Progress

Minister Takeru Saito emphasized the necessity of continued support for Rapidus and ongoing discussions with TSMC regarding future projects. However, he underscored the government’s commitment to responsible financial management, ensuring progress is strictly monitored and support is provided based on confirmed needs rather than blind allegiance.

World News

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