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Japan approves $3.9 billion in subsidies for chipmaker Rapidus

Economic Times

Economic Times · 1y ago

Japan approves $3.9 billion in subsidies for chipmaker Rapidus

Japan's industry ministry has approved subsidies worth up to $3.9 billion for chip foundry venture Rapidus, as part of efforts to rebuild the country's chip manufacturing base. The funding includes support for advanced packaging, which is crucial for improving chip performance. Rapidus aims to start mass production of cutting-edge chips in partnership with IBM and Imec by 2027. The move comes as countries worldwide seek to strengthen their control over chip supply chains in the wake of global shocks like the COVID-19 pandemic and trade tensions between the US and China. However, some industry experts remain sceptical about Rapidus' potential for success.

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Japan takes Taiwan's helping hand on long road to chip revival

Economic Times

Economic Times · 1y ago

Japan takes Taiwan's helping hand on long road to chip revival

Taiwanese chipmaker TSMC has opened its first Japanese plant, solidifying its dominant position in the semiconductor foundry business and addressing Japan's concerns over China's technological advancements. TSMC's presence in Japan has sparked investment in the sector, with its capacity set to exceed 100,000 12-inch wafers. The move aligns with Taiwan's projection of controlling two-thirds of foundry capacity for advanced processes by 2027, while Japan aims to increase its global share to 3%. However, Japan's ambition to become a major player through its foundry venture Rapidus is met with skepticism by industry experts.

Japan offers $300 million backing for chip research organisation

Economic Times

Economic Times · 1y ago

Japan offers $300 million backing for chip research organisation

Japan's trade ministry plans to provide support worth up to 45 billion yen ($301 million) to the Leading-edge Semiconductor Technology Center (LSTC), which includes chip foundry venture Rapidus, for research on cutting-edge semiconductor technology. Rapidus aims to manufacture 2-nanometre logic chips in Hokkaido and rival companies like Taiwan's TSMC. TSMC, in a show of confidence in Japan as a manufacturing base, recently announced plans to build a second fab in the country by 2027.

Japan pledges a further $4.9 billion to help TSMC expand Japan production

Economic Times

Economic Times · 1y ago

Japan pledges a further $4.9 billion to help TSMC expand Japan production

Japan has announced plans to provide TSMC with an additional ¥732 billion ($4.86 billion) in subsidies to assist in the construction of a second chip fabrication plant. The move comes as TSMC inaugurated its first factory in Japan. Tokyo sees TSMC's decision to manufacture chips in the country as vital for advancing semiconductor manufacturing and fortifying supply chains amid escalating tensions with China. The chips produced in the second plant will be more advanced and suitable for applications such as AI and autonomous driving. The total investment in both factories is expected to exceed $20 billion.

Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms

Economic Times

Economic Times · 1y ago

Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms

Gujarat's semiconductor policy has attracted interest from companies in Japan, South Korea, New Delhi, and Bengaluru, as the state aims to play a crucial role in the global supply chain realignment. Micron Technology's decision to establish a $2.75 billion plant in Sanand highlights the success of Gujarat's dedicated semiconductor policy in attracting global players. The state's policy, which offers incentives and subsidies, has generated interest in semiconductor research and development, assembly testing, packaging, and critical component manufacturing. Follow-up discussions for additional large-scale projects are currently underway.

Taiwan chip firms flock to Japan as China decoupling accelerates

Economic Times

Economic Times · 1y ago

Taiwan chip firms flock to Japan as China decoupling accelerates

Japan's semiconductor industry is receiving a boost as Taiwanese chip companies expand their presence in the country. The shift is driven by various factors, including US efforts to limit China's progress in cutting-edge semiconductors and a growing interest in Japan's semiconductor sector. Companies like Alchip Technologies and eMemory Technology have set up offices and hired employees in Japan, while other firms are considering increasing their presence. Japan has been proactively supporting its chip manufacturing sector with subsidies and minimal political interference, making it an attractive destination for Taiwanese companies. However, Japan may face challenges in meeting demand due to a decline in young workers in the industry.

Japan's deep-tech startups eye IIT talent

Inshorts · 1y ago

Japan's deep-tech startups eye IIT talent

At the NEDO IIT-Delhi Japan Deep-Tech Collaboration event, NEDO Director General Takeshi Yoshida shared his plans to partner with IIT Delhi's talented students for Japanese deep-tech startups. NEDO, Japan’s national R&D agency since 1980, has supported about 1,000 startups globally with subsidies of up to $18 million. This collaboration aims to boost innovation and growth for both nations.

Exclusive: China commerce minister to head to Europe to make EV case

Reuters · 1y ago

Exclusive: China commerce minister to head to Europe to make EV case

China's Commerce Minister, Wang Wentao, is set to travel to Europe in April to discuss the European Commission's investigation into China's electric vehicle industry. The investigation aims to determine whether the industry has benefited from unfair subsidies and may result in tariffs being imposed on exports. Wang will visit France and will be accompanied by representatives from companies such as BYD, SAIC, and Geely. China has disputed the claim that its EV industry has boomed due to subsidies and considers the EU inquiry to be protectionist. China overtook Japan last year as the largest car exporter.

One97 Communications Singapore approves sale of stake in PayPay

Economic Times

Economic Times · 7m ago

One97 Communications Singapore approves sale of stake in PayPay

Paytm's parent company, One97 Communications, has announced the approval for the sale of its shareholding in PayPay Corporation, a Japan-based payments firm. The transaction is still subject to clearances and corporate approvals. The move is expected to increase One97 Communications' cash balances. Paytm is reportedly selling its stake in PayPay to SoftBank for around $250 million. This comes as Paytm continues to face regulatory scrutiny in its payments bank business and follows the sale of its ticketing business, Paytm Insider, to Zomato earlier this year. Paytm's shares closed 2% higher at Rs 975.80 on the BSE.

AI frenzy takes Taiwan's TSMC to record peak, puts it in trillion dollar club

Economic Times

Economic Times · 1y ago

AI frenzy takes Taiwan's TSMC to record peak, puts it in trillion dollar club

Taiwan Semiconductor Manufacturing Co (TSMC), Asia's most valuable company, achieved record-high revenue in the second quarter due to surging demand for AI applications. TSMC's market value also surpassed $1 trillion this week. The company, a major supplier for AI chipmaker Nvidia, has seen its shares rise nearly 80% this year. This success has contributed to the overall rally in chipmaker stocks. Although foreign investors have invested $4.8 billion in Taiwan's stock market this year, Asian funds remain underweight on Taiwan, indicating a potential for further inflows.

China import concerns spur US to launch semiconductor supply chain review

Economic Times

Economic Times · 1y ago

China import concerns spur US to launch semiconductor supply chain review

The US Department of Commerce plans to conduct a survey of the semiconductor supply chain and national defense industrial base to address national security concerns related to Chinese-sourced chips. This survey aims to identify how US companies are sourcing legacy chips and reduce the national security risks posed by China. The US will award nearly $40 billion in subsidies for semiconductor chip manufacturing and wants to promote a level playing field for chip production. China has provided an estimated $150 billion in subsidies to its semiconductor industry in the last decade.

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