An anonymous reader quotes a report from Data Center Dynamics:

> The Japanese government is [1]planning to invest approximately $65 billion to support the country's semiconductor and AI industries. The initiative, which will run until the end of the decade, is expected to generate ~$104 billion in public and private investment during the period. According to [2]a report from Reuters, this new round of funding will specifically target state-backed chip foundry Rapidus and other AI chip suppliers.

>

> Rapidus was [3]founded in November 2022 when the Japanese government and eight Japanese technology and automotive firms, including SoftBank, Sony, and NTT, invested more than $500 million to launch the business. Speaking at a news conference this week, Japanese Prime Minister Shigeru Ishiba did not provide any information about how the venture would be financed but said the government would not issue deficit-covering bonds.

Japan's government also said it [4]won't raise taxes to finance the $65 billion plan.



[1] https://www.datacenterdynamics.com/en/news/japanese-government-to-invest-65bn-to-support-domestic-chip-sector/

[2] https://www.reuters.com/world/japan/japan-propose-65-bln-plan-aid-domestic-chip-industry-draft-shows-2024-11-11/

[3] https://slashdot.org/story/23/01/12/1653216/japan-bets-big-on-bringing-semiconductor-manufacturing-home

[4] https://www.reuters.com/markets/asia/japan-wont-raise-taxes-fund-65-bln-chips-aid-industry-minister-says-2024-11-12/