Prime Minister Shigeru Ishiba on Monday unveiled a ¥10 trillion ($65 billion) plan to boost the country's chip and artificial intelligence industries via subsidies and other financial incentives.
The plan, which will provide the support by fiscal 2030, comes as countries look to strengthen control over their chip supply chains after global shocks including trade tensions between the United States and China.
Japan's government intends to submit the plan, including bills to support the mass production of next-generation chips, to the next parliament session, according to a draft of the plan seen earlier Monday.
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