💨 Abstract

Japan's government plans to propose a $65 billion plan to bolster its chip industry over multiple years, offering subsidies and financial aid. The plan aims to strengthen control over chip supply chains amid global disruptions, like trade tensions between the US and China. The proposal targets chip foundry venture Rapidus and AI-related chip suppliers, with a goal to start mass production of advanced chips in Hokkaido from 2027.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖