TOKYO: Armed with a new law that boosts US support for computer chip manufacturing, Vice President Kamala Harris said the administration was looking for new investments and...
TOKYO: Armed with a new law that boosts US support for computer chip manufacturing, Vice President Kamala Harris said the administration was looking for new investments and partnerships as she sat down with Japanese technology executives on Wednesday.The morning meeting on her last full day in Tokyo reflects the administration's focus on boosting semiconductor manufacturing and expanding the supply chain for critical materials.
Much like the United States has done, Japan has set up its own fund to support semiconductor production. Out of $4.3 billion, $3.3 billion is being provided in subsidies for a new factory in Kumamoto, in the country's southwest.The facility is slated to begin production by the end of 2024, and it's a partnership between the Taiwan Semiconductor Manufacturing Co., Sony Group and Denso.