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Japan to strengthen support for semiconductor industry to regain global position, prime minister, industry minister say

By Sachiko Sakamaki ( August 3, 2023, 10:15 GMT | Insight) -- The Japanese government will continue to support the semiconductor sector in order for it to regain a strong position in the global market amid rising tensions between the US and China, Prime Minister Fumio Kishida and Japan's industry minister told a symposium in Tokyo today. In addition to spending in the next fiscal year's budget and other measures as a policy package, the industry ministry is considering providing assistance for operating costs, such as electricity, they said. The Japanese government will continue to support the semiconductor sector in order for it to regain a strong position in the global market amid rising tensions between the US and China, Prime Minister Fumio Kishida and Japan's industry minister told a symposium* in Tokyo today....

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