Japan, US and Europe to Share Information on Chip Subsidies

Japan and the European Union (EU) have agreed to share information on their respective chip subsidy programs in order to encourage the diversification of semiconductor production. The move comes amid a global shortage of semiconductors that has affected a wide range of industries, from automotive to consumer electronics.

 

The collaboration between Japan and the EU could help to reduce the reliance of both regions on semiconductor production in East Asia, which has been the epicenter of the global chip shortage. By promoting the development of semiconductor production capabilities in other regions, the two sides hope to increase the resilience of global supply chains and reduce the risk of future shortages.

 

The global chip shortage has highlighted the importance of semiconductor production and the need for greater investment in the industry. Governments and companies around the world are racing to increase their chip production capacity, with some even considering building new chip fabs from scratch.

 

The collaboration between Japan and the EU is a testament to the importance of international cooperation in addressing the challenges facing the semiconductor industry. By sharing information and working together on standardization and regulation, the two sides can help to ensure a stable and reliable supply of semiconductors for years to come.

The United States plans to invest around 7 trillion yen over the next five years until 2027. In April, the European Union temporarily passed the "European Semiconductor Act," which aims to prepare around 6 trillion yen from official and private sources by 2030.

 

Information exchange between Japan-US and US-EU has already begun, and now Japan and Europe will also share information to establish a stronger and more stable semiconductor supply chain.