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Japan Looking to Pay at Least Half Setup Costs of Chip Fabs

  • Trade minister Hagiuda refers to global level of chip support
  • Kishida’s record stimulus leaves kitty for chipmakers unclear
Semiconductor Production at X-Fab Silicon Foundries SE
Photographer: Nathan Laine/Bloomberg
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Japan is looking to stump up around half the setup costs of semiconductor factories built in the country and attract U.S. manufacturers as it looks to shore up its chip supplies, according to senior Japanese officials.

Prime Minister Fumio Kishida’s record 56 trillion yen ($490 billion) fiscal stimulus unveiled Friday didn’t specify how much money would be made available, but the premier promised his government would keep looking to attract chipmakers to set up production facilities in Japan.