Japan Renews Chip Plan, Confirms Sales Goal of $108 Billion
- METI sees TSMC, Kioxia plans boosting GDP by 4.2 trillion yen
- Projects also estimated to create around 463,000 related jobs
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The Japanese government revamped its chip strategy with a goal of tripling sales of domestically produced semiconductors to more than 15 trillion yen ($108 billion) by 2030, as the nation centers chips at the heart of its economic security policy.
The revised strategy, released Tuesday, aims to strengthen efforts to develop and produce cutting-edge semiconductors that are critical for economic security measures and advanced technology like generative AI, according to the economy ministry.