Japan plans to invest 2 trillion yen to support the chip and AI industries, and TSMC may benefit from the aid plan-It Industry-php.cn

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Japan plans to invest 2 trillion yen to support the chip and AI industries, and TSMC may benefit from the aid plan

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Nov 14, 2023 pm 04:09 PM

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News from this site on November 14, according to Nikkei News, the Japanese government is seeking 2 trillion yen (this site’s note: currently about 96.2 billion yuan) in budget funds to support chip production and generative artificial intelligence technology, including increasing aid to TSMC.

Photo source Pexels

Japan’s Ministry of Economy, Trade and Industry (METI) seeks about 650 billion yen in a budget supplement (approximately 31.265 billion yuan) of funds to support the construction of Japanese semiconductor company Rapidus’s prototype production line and Intel research center, as well as promote advanced semiconductor design

According to reports, approximately 770 billion yen (approximately 31.265 billion yuan) 37.037 billion yuan) aid will be used for TSMC’s second factory in Kumamoto. In addition, TSMC has already received subsidies covering half of the construction costs of its first factory

In addition, approximately 460 billion yen (currently approximately 22.126 billion yuan) will be added to the proposed budget , to support the construction of Power Semiconductor's new factory in Miyagi Prefecture in the northeast. The money will also be used to aid power semiconductors, a key component of electric vehicles.

In order to encourage domestic enterprises to develop generative AI technology, Japan also plans to provide approximately 190 billion yen (approximately 9.139 billion yuan) in funds for the development of supercomputers to process data for AI learning models and other fields.

METI’s spending proposal has been cut from the 3.4 trillion yen originally sought related to semiconductors, but is still higher than the 1.3 trillion yen provided in the main fiscal year 2022 budget. The ministry's overall supplementary budget proposal is 4.9 trillion yen.

The rewritten content is as follows: This includes 800 billion yen for extending subsidies for electricity, household gas and gasoline, and 75 billion yen for the 2025 Osaka Expo; approximately 8.9 billion yen will be used In response to the international reaction caused by the discharge of wastewater from the Fukushima Daiichi Nuclear Power Plant and the harmed fisheries

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