Japan unveils $65 billion plan to boost chip and AI industries amid global trade tensions.

Japanese Prime Minister Shigeru Ishiba has announced a $65 billion plan to boost the country's chip and AI industries, aiming to secure control over supply chains amid global trade tensions. The plan, to be submitted to parliament, includes subsidies for next-generation chip production and targets a total $442.5 billion investment over a decade. It also seeks to enhance economic impact through public and private sector collaboration.

November 11, 2024
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