Japan should offer tax breaks in the next fiscal year and spur ¥10 trillion ($88 billion) in investment over the next decade to revive domestic chipmaking, the top adviser on a government semiconductor panel has said.
Roughly $7 billion in supplementary spending approved by the government this week should be just the start of its efforts to reverse decades of decline in the industry, said Tetsuro Higashi, the former chief of Tokyo Electron Ltd. and leading chip expert advising Prime Minister Fumio Kishida's administration.
