Skip to content

Japan Pressed to Spend Billions, Cut Tax to Revive Chip Industry

  • Government support is key to competitiveness, top adviser says
  • Country must aim for 2-nanometer mass production within decade
Bloomberg business news
WATCH: An adviser of Japan’s semiconductor panel says the government should help revive domestic chipmaking. Yoshiaki Nohara on reports.Source: Bloomberg

Japan should offer tax breaks in the next fiscal year and spur 10 trillion yen ($88 billion) in investment over the next decade to revive domestic chipmaking, according to the top adviser on a government semiconductor panel.

Roughly $7 billion in supplementary spending approved by the government this week should be just the start of its efforts to reverse decades of decline in the industry, said Tetsuro Higashi, the former chief of Tokyo Electron Ltd. and leading chip expert advising the Fumio Kishida administration.