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Japan's $65 Billion Boost for Chips, AI: Nikkei Reports on Rapidus' 2nm Ambition

Nov 11, 2024, 08:51 PM

Japan's government has announced a comprehensive economic package aimed at bolstering its domestic chip and artificial intelligence (AI) industries. Prime Minister Shigeru Ishiba has pledged over $65 billion in support for these sectors by the fiscal year 2030. This initiative includes a proposal for a total investment of 50 trillion yen, combining public and private funds, over the next decade to enhance Japan's semiconductor sector. The plan also involves providing more than 10 trillion yen specifically for chip and AI support, aiming to attract significant investments without increasing taxes. The Nikkei reported on this initiative, highlighting Japan's ambition to rival Taiwan Semiconductor Manufacturing Company (TSMC) with Rapidus aiming to produce 2nm chips.