The Nikkei reported recently that Japan intends to budget 350 billion yen ($17.15 billion yuan or $2.38 billion) for cooperation with the United States on next-generation semiconductor research and development.
Additionally, the latest bill contains a budget of 1 trillion yen for diversifying the supply chain for batteries, permanent magnets and rare earths through the use of a number of measures. The Japanese Prime Minister, Fumio Kishida, announced a plan to invest almost $5 trillion over the next three decades in next-generation technologies, including semiconductors and robotics, while slightly less than $5 trillion will go towards batteries.
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By the end of this year, the joint research center will be set up with the aim of developing and having the capability of mass-producing advanced semiconductors on 2-nanometer chips in the latter half of the 20th century with the goal of developing and mass-producing advanced semiconductors on 2-nanometer chips in the future.
There will be an announcement later on this month of the names of the Japanese companies that will participate in the exhibition. A number of companies and research institutes across the country as well as the University of Tokyo, NIAIST and RIKEN, as well as those in the United States and Europe, will be participating in the conference.
There are also 450 billion yen allocated for the advanced semiconductor production center in Japan included in the second supplemental budget bill for the current fiscal year according to the report. The amount of money spent will total approximately 1 trillion yen, if you add in the 617 billion yen spent last year on the supplemental budget. To secure the materials needed to make chips, the government must spend 370 billion yen.
Japan has now approved subsidies for three multinational companies, including TSMC, Armor Man and Micron Technology of the United States to allow them to build factories in Japan for the purpose of producing semiconductors for data centers, artificial intelligence and other cutting-edge technologies.