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Japan steps up support for its semiconductor industry

Tax breaks to supplement targeted subsidies, the latest of which supports power semiconductors for electric vehicles

by Scott Foster December 14, 2023December 15, 2023

Japan's chip industry is on the upswing. Image: Twitter

Japan’s ruling Liberal Democratic Party plans to include 10 years of incentives for the semiconductor and other industries in a tax reform package that is likely to take effect next year. In the meantime, the Ministry of Economy, Trade and Industry (METI) has decided to subsidize semiconductor makers Rohm and Toshiba’s collaborative investment in power […]

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