TOKYO -- Japan and the European Union will exchange information on subsidies and other support they give semiconductor companies, coordinating with each other and the U.S. to spread out resources effectively and avoid product gluts.
The arrangement will cover points such as criteria for subsidies, the value of and reasoning behind each side's grants, and internal supply and demand expected to be created through the incentives. Japanese Trade Minister Yasutoshi Nishimura and Thierry Breton, the European commissioner for the internal market, are expected to reach an agreement as soon as early July.
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