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Japan to pour cash into domestic chipmaking, following US and China

New growth strategy to bolster manufacturing technologies and supply chains

Japan's financial support of the chip industry is a fraction of what is planned in the U.S. and China.

TOKYO -- Japan will support domestic production of advanced semiconductors and batteries under this year's growth blueprint, Nikkei has learned, as it seeks to buffer against chips shortages that have buffeted the nation's core industries.

By funding the development of manufacturing technologies, the government hopes to invite leading U.S. manufacturers to set up operations. The aim is to ensure economic security by bolstering supply chains under a U.S.-Japan alliance.  

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