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Chip supply chain a top priority in Suga's first economic plan

Japan to offer incentives for new semiconductor factories amid global shortage

The Semicon China trade show in Shanghai. Securing enough chips has emerged as a top concern of governments across the world.   © Reuters

TOKYO -- Japan will invest heavily to bolster domestic supply chains for semiconductors under Prime Minister Yoshihide Suga's first economic policy and growth strategy.

Under the plans approved by the cabinet on Friday, Japan will focus on digitization and decarbonization, along with lifting local economies and helping child-rearing families.

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