Japan Allocates Additional $9.9 Billion for Semiconductor and AI Development

Reported about 8 hours ago

Japan has announced an additional budget of ¥1.5 trillion ($9.9 billion) this fiscal year to enhance its semiconductor and artificial intelligence initiatives, including funding for the Rapidus project. The allocation includes ¥1.05 trillion for next-generation chip and quantum computing research and ¥471.4 billion for domestic chip production support. This funding is part of a broader strategy to strengthen Japan's tech industry and enhance national security in the face of global competition.

Source: YAHOO

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