IBM will partner with a new semiconductor company backed by Japan’s most prominent corporations to develop advanced chips as the tech war between the US and China intensifies. Tokyo seeks to deepen its ties with allies. The agreement is part of a multi-billion dollar effort by Japan to revive its languishing semiconductor industry, reduce its reliance on chip production in Taiwan and boost economic security. The trade ministry is separately seeking ¥450bn in its supplementary budget for the current fiscal year to establish manufacturing facilities for advanced chips at home to ensure Japan’s carmakers and tech groups do not face the supply chain disruptions suffered during the Covid-19 pandemic. The ministry has already provided subsidies to Taiwan Semiconductor Manufacturing, US chipmaker Micron, Kioxia and its US partner Western Digital to expand their chip production in Japan.
We've all seen how important the advanced chip industry is now so it's only natural that more and more companies are going to try and address this. When you see a problem you need to fix it and this was and is a huge problem. I hope this gets off the ground quickly and also that other partnerships will soon follow.
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