According to a draft seen by Reuters, the Japanese government is planning to introduce a 94 trillion yen ($870 billion USD) plan to boost its chip industry over a period of several years through subsidies and other forms of financial aid.
The plan aims to strengthen Japan's semiconductor industry, which has been a concern for the country's economy in recent years. The government hopes that the plan will help to increase investment and production in the industry, making Japan a more competitive player in the global chip market.
The draft plan includes measures such as providing subsidies to chip manufacturers, supporting research and development, and investing in the construction of new chip fabrication plants. The government also plans to offer tax breaks and other incentives to companies that invest in the industry.
The plan is seen as a response to the growing competition from countries such as South Korea and the United States, which have already made significant investments in their own chip industries. Japan's government hopes that the plan will help to level the playing field and ensure that the country remains a major player in the global chip market.