Thursday, November 14, 2024

"Japanese government to invest $65bn to support domestic chip sector"

The business really is approaching a "Go big or go home" era. 

From DatacenterDynamics, November 13:

Funding to run until end of decade

The Japanese government is planning to invest approximately $65 billion to support the country’s semiconductor and AI industries.

The initiative, which will run until the end of the decade, is expected to generate ~$104bn in public and private investment during the period.

According to a report from Reuters, this new round of funding will specifically target state-backed chip foundry Rapidus and other AI chip suppliers.

Rapidus was founded in November 2022 when the Japanese government and eight Japanese technology and automotive firms, including SoftBank, Sony, and NTT, invested more than $500 million to launch the business....

....MORE

It's too bad that so much of the American money is going to Intel.

Also at DatacenterDynamics:

South Korea proposes own CHIPS Act to mitigate impact of potential Trump tariffs