In an effort to revive Japan’s chip sector, Japan’s Prime Minister Fumio Kishida plans to meet with top executives from global semiconductor companies as early as Thursday to seek investment and cooperation. This meeting occurs at a time when the United States is increasingly urging allies to work together to counter China’s chips and advanced technology development. Chief Cabinet Secretary Hirokazu Matsuno stated that “the resilience of the semiconductor supply chain cannot be achieved by a single country, and it is extremely important to work together with like-minded countries and regions.”
Seeking Investment and Cooperation from Seven Major Chip Firms
Kishida will meet with executives from Taiwan Semiconductor Manufacturing Co Ltd (TSMC), Samsung Electronics Co Ltd, Intel Corp, Micron Technology Inc, Applied Materials Inc, International Business Machines Corp, and IMEC. The Prime Minister will seek active investment in Japan and tighter cooperation with Japanese companies.
Revitalizing Japan’s Chip Sector
Japan is striving to reinvigorate its chip sector, whose global market share has fallen to about 10% from around 50% in the late 1980s. TSMC, the world’s largest contract chip manufacturer, is building a major factory in western Japan. Samsung is considering setting up a chip packaging test line in the country, while Intel is looking into opening up a research and development facility in Japan.
Implications of Global Semiconductor Cooperation
Cooperating on semiconductors has become increasingly important as the global chip shortage continues to impact various industries. The United States is currently experiencing a shortage of semiconductors for its automobiles, leading to production cuts. The meeting between Kishida and the executives from these seven major chip firms is a sign of increased global cooperation to address this issue.
Strengthening Multilateral Cooperation with Like-minded Countries and Regions
Chief Cabinet Secretary Hirokazu Matsuno emphasized the importance of working together with like-minded countries and regions to achieve resilience in the semiconductor supply chain. This sentiment has been echoed by the United States, which has been urging allies to work together to counter China’s chip and advanced technology development.
Japan’s Prime Minister Fumio Kishida’s meeting with executives from global semiconductor companies highlights the importance of global cooperation in the face of the global chip shortage. Seeking investment and tighter cooperation with Japanese companies, Kishida is striving to revive Japan’s chip sector. This meeting is a sign of increased global cooperation to address the issue of the global chip shortage and highlights the importance of multilateral cooperation with like-minded countries and regions to achieve resilience in the semiconductor supply chain.
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