Japan Bets $67 Billion to Become a Global Chip Powerhouse Once Again bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Deep in the snowy northern island of Hokkaido, Japan is pouring billions of dollars into a long-shot bet to revive its chip-making prowess and insulate its economy from growing US-China tensions.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesUS Unveils Fresh Sanctions on Russia After Navalny’s DeathT-Bills Without Tax Bills? This Fund Says It Cracked the CodeUS Lands on Moon in Historic Feat for Private SpacecraftBezos, Nvidia Join OpenAI in Fundi
Japan will provide a subsidy of up to 243 billion yen to Kioxia Holdings Corp and Western Digital Corp to mass produce cutting-edge chips at plants they jointly run in central and northeastern Japan, the industry minister said. The assistance for the facilities in Mie and Iwate prefectures that produce…