Japan earmarks $1bn in support for chip designers

TOKYO -- Japan is preparing 160 billion yen ($1 billion) in government support for its chip design industry, moving further upstream from its early focus on production in a bid to play catch-up with the U.S. and China.

The Ministry of Economy, Trade and Industry will provide funding for projects by technology companies, startups and universities over up to five years, with an eye toward advanced chips for artificial intelligence, data centers, wireless base stations, self-driving vehicles and care robots, as well as power-saving designs.