Japan aims to triple semiconductor sales by 2030
Apr. 4, 2023 /SemiMedia/ — According to Reuters, Japan’s Ministry of Industry recently said it aims to triple sales of semiconductors made in Japan to 15 trillion yen ($112.55 billion) by 2030.
The report pointed out that Japan’s share of the global Semiconductor market has fallen from 50% in the late 1980s to about 10% now. Japan has struggled to boost domestic microchip production after global supply chains struggled.
Japan views semiconductors as a strategic product to strengthen its economic security and provides huge subsidies to companies such as TSMC to build factories or expand existing facilities in Japan.
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