Japan, once a chipmaking powerhouse, has tried to rejuvenate its semiconductor industry in recent years in an attempt to be more competitive against the likes of Taiwan and South Korea.
The Japanese government has dangled subsidies to attract foreign chipmakers like Taiwan Semiconductor Manufacturing Company (TSMC), to set up in Japan in a bid to help level-up the domestic chipmaking sector. Then there’s also the massive 920 billion yen ($6.2 billion) funding for a Rapidus, a semiconductor manufacturer established in 2022 whose aim is to produce advanced chips domestically.
