Reported 29 days ago
Japan's Prime Minister Shigeru Ishiba has announced a $65 billion plan aimed at strengthening the country's chip and artificial intelligence sectors through subsidies and financial incentives. This initiative, projected to provide over 10 trillion yen in support by fiscal 2030, targets the mass production of next-generation chips, notably benefiting chip foundry Rapidus. The government plans to present this proposal, part of a broader economic package, to the parliament and anticipates an economic impact of around 160 trillion yen.
Source: YAHOO