According to Japanese official data, the chip manufacturing industry and related parts and materials business will be $37.46 billion in 2020 (currently about RMB 257.725 billion), accounting for 10% of global sales.
Japanese authorities will invest $82.4 billion in public and private entities over the next decade to ensure a steady supply of technology, allowing sales to triple.
Japan developed a semiconductor and digital industry strategy in 2021 to improve local supply chain issues. The Japanese government previously pledged to invest $520 million in the semiconductor company Rapidus.
The company, which was founded last year by Japanese tech giants like Toyota and Sony, plans to mass produce advanced 2nm process mass production chips as early as 2027.
In addition, Japan is also providing subsidies to TSMC and Kioxia to build factories, and the Japanese government has decided to invest about $4.26 billion to build new production facilities.