Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030

Japan is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them expand existing facilities.

Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030

Photo Credit: Reuters

Japan has seen its share in the global microchip market tumble over the past decades

Highlights
  • Japan sees chips as strategic products to strengthen economic security
  • Companies like TSMC have received large subsidies in Japan
  • Japan announced curbs in exports of chip-related equipment last week
Advertisement

Japan's industry ministry said on Monday it aimed to treble sales of semiconductors made in Japan to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030 as Tokyo strives to boost domestic microchip production following global supply chain snarls.

Japan sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to Taiwan Semiconductor Manufacturing Co (TSMC) and others to build plants in Japan or have them expand existing facilities.

The ministry plans to put the sales target in Japan's semiconductor and digital industry strategy, which will be updated by the middle of the year.

Japan has seen its share in the global microchip market tumble from 50 percent in the late 1980s to around 10 percent, outperformed by nimbler rivals with deep pockets such as South Korea's Samsung Electronics.

Last week, Japan said it would restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China's ability to make advanced chips.

Japan, home to major global chip equipment makers such as Nikon and Tokyo Electron, did not specify China as the target of the measures, saying equipment makers would need to seek export permission for all regions.

"We are fulfilling our responsibility as a technological nation to contribute to international peace and stability," Minister for Economy, Trade and Industry Yasutoshi Nishimura told a news conference.

Japan wants to stop advanced technology being used for military purposes and does not have one specific country in mind with the measures, he said.


Smartphone companies have launched many compelling devices over the first quarter of 2023. What are some of the best phones launched in 2023 you can buy today? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Japan, Semiconductors
Samsung Galaxy Z Fold 5 Will Come With Lightweight Build, 13.4mm Thickness: Report
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »