Japan Sets Aside $902 Million for Chipmakers Toshiba and Rohm
- Two firms to jointly boost production of power devices for EVs
- Government encouraging more chipmaking collaboration
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Japan is earmarking ¥129.4 billion ($902 million) to Rohm Co. and Toshiba Corp.’s joint push to boost production of power semiconductors, seen as key to lifting energy efficiency in electric vehicles and factories.
The two Japanese companies said Friday they will spend ¥388.3 billion to jointly manufacture power devices, with an emphasis on silicon carbide and silicon chips to meet demand for smaller and lighter powertrains from the EV industry as well as efficient and stable devices from plant automation. Japan’s Ministry of Economy, Trade and Industry would subsidize about a third of the cost.