Japan Earmarks $300 Million to Fire Up Chip Research at Home

  • Economy ministry adds to spending on chip competitiveness
  • LSTC set up to act as a hub to accumulate chip research
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Japan will spend as much as ¥45 billion ($300 million) to back a research group developing advanced chip technology, part of a national push to catch up in semiconductor manufacturing.

The Ministry of Economy, Trade and Industry said it approved outsourcing research on cutting-edge fabrication tech to Leading-edge Semiconductor Technology Center. The year-old organization was set up to assemble Japan’s researchers in areas such as nanotechnology, materials and artificial intelligence and support chip manufacturing at state-backed Rapidus Corp.