The Japanese Prime Minister, Shigeru Ishiba, has pledged over $65 billion to support Japan's semiconductor and artificial intelligence sectors in the next decade. This substantial financial backing is intended to stimulate over $500 billion in public and private investments by the fiscal year 2030.
Ishiba aims to use successful regional examples, like the TSMC Kumamoto chip plant, to promote nationwide growth and development. He plans to work with various departments to ensure proper financing without resorting to deficit-financing bonds.
In previous efforts, Japan allocated approximately 4 trillion yen in supplementary budgets to revitalize its semiconductor industry. This includes 920 billion yen directed at Rapidus, a company that aims to mass-produce advanced logic chips by 2027.
