In response to increasingly fierce global technology competition, especially with China, the Japanese government plans to invest heavily in the semiconductor and artificial intelligence industries. The editor of Downcodes learned that Japanese Prime Minister Shigeru Ishiba recently announced that more than 10 trillion yen (approximately US$65 billion) will be invested to support the development of these two key areas. This move is intended to enhance Japan’s competition in the global technology field. power and drive domestic economic growth.
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Ishiba said the funds will be in place by fiscal 2030 and is expected to attract more than 50 trillion yen in private investment. The government plans to support businesses through a variety of means, including outsourcing, financial support and legislative measures, with the goal of boosting overall economic growth and building on the success of the TSMC plant in Kumamoto. In addition, the government plans to issue asset-backed bonds to raise funds, which will not be raised through tax increases.
Currently, global semiconductor demand is expected to grow to 150 trillion yen in the next decade. In the face of China's heavy investment in the semiconductor field and the challenges of the US "Chip and Science Act", the Japanese government's move shows its firm determination to ensure economic security and maintain global technological competitiveness. The government will discuss with various departments the specific use of funds to ensure that the funds are effectively used and promote the rapid development of Japan's semiconductor and artificial intelligence industries.
This series of measures taken by the Shigeru Ishiba government marks Japan’s increased investment in global semiconductor and artificial intelligence competition, aiming to ensure its economic security and occupy a favorable position in future technological competition. This huge investment will have a profound impact on Japan and even the global technology industry structure, and deserves continued attention.
This article is compiled by the editor of Downcodes and is for reference only. The data and information in this article come from public reports. If there is any discrepancy, please refer to the official release.