Japan is looking to re-establish itself as a lead maker of advanced semiconductors, with the creation of a new venture.
The country's government has revealed it will invest up to ¥70bn (£427m) in Rapidus, a new semiconductor company led by tech firms including Sony Group Corp and NEC Corp. The company is expected to begin manufacturing in the second half of the decade.
“Semiconductors are going to be a critical component for the development of new leading-edge technologies such as AI, digital industries and in healthcare,” Yasutoshi Nishimura, Japan's Minister of Economy, Trade and Industry, said at a news briefing.
The announcement comes in the midst of a global semiconductor shortage, and a trade conflict between China and the United States that has led US President Joe Biden to impose strict measures to restrict Beijing’s access to advanced semiconductor technology.
The new chip company represents the next phase in Japan’s semiconductor strategy...