Japanese Government To Invest $65 Billion To Support Domestic Chip Sector

An anonymous reader quotes a report from Data Center Dynamics: The Japanese government is planning to invest approximately $65 billion to support the country's semiconductor and AI industries. The initiative, which will run until the end of the decade, is expected to generate ~$104 billion in public and private investment during the period. According to a report from Reuters, this new round of funding will specifically target state-backed chip foundry Rapidus and other AI chip suppliers.

Rapidus was founded in November 2022 when the Japanese government and eight Japanese technology and automotive firms, including SoftBank, Sony, and NTT, invested more than $500 million to launch the business. Speaking at a news conference this week, Japanese Prime Minister Shigeru Ishiba did not provide any information about how the venture would be financed but said the government would not issue deficit-covering bonds. Japan's government also said it won't raise taxes to finance the $65 billion plan.

It's entirely possible

[rsilvergun]

That due to the rampant incompetence of the incoming administration China will be able to take Taiwan. Whatever you are reading this on the CPU and GPU were probably made in Taiwan. Meanwhile the head of the incoming administration has openly talked about doing away with the chips act.

At the rate we are going China is going to have us completely over a barrel. You would almost think they had dirt on somebody.

Re:

[DrMrLordX]

As opposed to the rampant incompetence of the outgoing administration? Please. Go preach bs somewhere else.

Re:

[codebase7]

Doesn't matter who's incompetent if your enemies manage to outpace you. You still become subservient to them, at best, regardless.

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[Patent Lover]

What's the dirt gonna do, make him a felon?