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Japan’s New Leader Vows Money to Make Chips at Home

Prime Minister Fumio Kishida Appoints New Cabinet
Photographer: Toru Hanai/Bloomberg

New Japanese Prime Minister Fumio Kishida is putting money into reviving chip-making at home.

The ongoing chip shortage and supply chain disruptions have forced production cuts by Japan’s major automakers including Toyota and Honda this year, underscoring the need to reduce the nation’s dependence on others to make advanced semiconductors.