Japan Lays Out 'National Project' for Chips After Lost Decades

choi

Isabel Reynolds, Japan Lays Out 'National Project' for Chips After Lost Decades. Bloomberg, June 4, 2021.
https://www.bloomberg.com/news/a ... -after-lost-decades

Quote:

"The Ministry of Economy, Trade and Industry said in a report Friday [June 4] that it would treat semiconductor industry growth as a 'national project.'  The push [by Japan] comes amid a global chip shortage that has weighed on manufacturing across a range of industries and threatens Japan's auto production. China, South Korea and the US [thank god, Taiwan is not one of them -- I am no Keynesian] are all seeking to bolster their domestic chip industries.

"Japan’s share of global semiconductor sales dwindled to just 10% in 2019, down from 50% in 1988. The country still has 84 chip factories, the most in the world, but they’re not producing enough high-end products. As a result, Japan now has to import 64% of its semiconductors.

"Japan was the world's biggest maker of microchips in the 1980s, but has since lost out to the likes of Taiwan and South Korea.

My comment: There is no need to read the rest, which is trifle.