Toyota joins 7 other Japan companies to make next-generation chips

TOKYO -- A group of eight leading Japanese companies including Toyota Motor and Sony Group will team up with the government to launch a new entity to develop and make next-generation semiconductors, Nikkei has learned, aiming to establish manufacturing processes by the late 2020s.

With competition for next-generation semiconductor technology intensifying around the world, the new company will provide a platform for collaboration with U.S. companies, as well as governments.