The Japanese authorities ' interest in the development of the national semiconductor industry is reflected not only in financial support for joint ventures with foreign producers, but also in subsidies to foreign companies with production capacity throughout the country.
It is noteworthy, as Reuters explains, that the statement was made after US Vice President Kamala Harris' visit to Japan, and it is clear from a recent quarterly report by Mikron that the company will be forced to reduce investment in the expansion of production capacity in the short term, so that government support from Japan will be very timely.
As the US diplomatic representatives in Japan have pointed out, cooperation between the two countries in strengthening supply chains will only be strengthened and expanded. In July, the Japanese authorities also provided a grant to Western Digital Corporation, a joint venture in Japan for the production of a solid memory chip. The United States, in turn, agreed with the Japanese side to establish a research centre on Japanese territory. It is known that the construction of the joint venture TSMC in Japan, with the participation of Sony and Denso, will be covered almost half by government subsidies.