Japan to Spend $7 Billion on Chip Gear in 2024, the Biggest Spending Jump in World
- Japan is seen spending 82% more next year on fab equipment
- US-led reshaping of chip supply chains poses risk to China
This article is for subscribers only.
Japan is poised to sharply raise its chip-gear spending in an attempt to boost its position in the global semiconductor market, as it tightens exports amid a US-led push to limit China’s tech ambitions.
Japan is expected to spend $7 billion on fab equipment next year, which would mark a 82% jump from this year — the largest in the world — according to data from SEMI, a global association of chipmaking equipment producers. That compares with a 2% increase forecast for China and the total amount would be higher than the combined spending of the Europe and Mideast markets.