G-7 Aims to Build Chip Supply Chain Together, Nikkei Reports
Printed circuit boards containing integrated circuit microchips at a manufacturer in the UK.
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Group of Seven member states will agree to build a supply chain of strategic chip-manufacturing materials together when leaders meet in Japan in May, the Nikkei reported, without saying where it obtained the information.
A joint communique from the Hiroshima, Japan summit will include a goal of safely procuring key materials such as chips and rare-earth elements due to the growing risks posed by Russia’s invasion of Ukraine and political tensions between the US and China, the paper reported. G-7 nations will start work on a draft communique this month, Nikkei said.