Reported 2 days ago
Japan's ruling Liberal Democratic Party has appointed Daishiro Yamagiwa as the new chairman of its semiconductor promotion group, following a commitment by Prime Minister Shigeru Ishiba to allocate over ¥10 trillion ($65 billion) in public funding to support the semiconductor and AI sectors. Yamagiwa, who previously served as the economic revitalization minister, takes over from Akira Amari and emphasizes the need for Japan to succeed in semiconductor production, particularly through firms like Rapidus Corp. The government plans to introduce new legislation to facilitate this funding in the next parliamentary session.
Source: YAHOO