TOKYO (Reuters) – Japan will invest up to 70 billion yen ($500 million) in a new semiconductor company led by major Japanese tech firms including Sony Group Corp and NEC Corp that aims to re-establish Japan as a leading maker of advanced chips.
“Semiconductors are going to be a critical component for the development of new leading edge technologies such as AI, digital industries and in healthcare,” Minister of Economy, Trade and Industry Yasutoshi Nishimura said at a news briefing.
($1 = 141.6500 yen)
(Reporting by Tim Kelly; Editing by Christopher Cushing)
