Japan plans to triple sales of its semiconductors to more than 15 trillion yen (CZK 2.4 trillion) by 2030. The world’s third-largest economy is putting chips at the heart of its economic policy. Tokyo also released an update on its hydrogen strategy today.
Stepping up efforts
According to the Ministry of Economic Affairs, Japan is looking to boost efforts to develop and produce high-end semiconductors, which are key to economic security measures and advanced technologies such as generative artificial intelligence (AI).
Increasing sales of Japan-made semiconductors will help ensure a stable supply of semiconductors in the country, according to the strategy. In 2020, sales of semiconductors will amount to approximately five trillion yen.
Financial support
The 274-page document does not indicate the amount of new investment. The government has previously pledged 330 billion yen in financial support for Japanese chipmaker Rapidus and up to 476 billion yen for Taiwanese company TSMC’s new factory in the south of the country. Tokyo will also provide subsidies of up to 92.9 billion yen for Kioxia’s plant in central Japan.
The government expects the TSMC and Kioxia projects alone to boost Japan’s gross domestic product (GDP) by 4.2 trillion yen. According to the updated strategy, they will create about 463,000 jobs and generate about ¥760 billion in tax revenue.
Source Czech Press Office
