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Japan Proposes $65 Billion Plan, ¥2 Trillion for AI, to Boost Chip Industry
Nov 11, 2024, 12:00 PM
Japan is set to unveil a comprehensive economic package that includes a significant investment in its domestic semiconductor industry. The government plans to propose a $65 billion initiative, which equates to about ¥2 trillion, aimed at bolstering the local chip sector. This package will also promote investments in artificial intelligence, with ¥2 trillion specifically allocated for AI development. The draft, seen by Reuters, outlines a call for a total of 50 trillion yen in public and private investment in the chip sector over the next decade.
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Mass production of new chip technology • 25%
Significant export growth • 25%
Major international partnership • 25%
Other • 25%
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Domestic Public Funds • 25%
Domestic Private Funds • 25%
Foreign Investment • 25%
Other • 25%
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Infrastructure Development • 25%
Research and Development • 25%
Workforce Training • 25%
Supply Chain Enhancements • 25%
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Not Reported • 25%
