The Japanese government newly announced an investment of approximately $10 billion in the semiconductor business as the third tranche of its investment in the US. The plan to build a plant in New York State is expected to generate significant benefits for Japanese companies.
A semiconductor business on the scale of $10 billion is planned as part of the total $550 billion investment in the US, and the Japanese government stressed the significance of the project, saying it would bring substantial benefits to Japanese companies.
The project will be led by semiconductor manufacturer GlobalFoundries, which will build a semiconductor manufacturing plant in New York State. The total project value is estimated at approximately $10 billion (¥1.6 trillion).
Minister of Economy, Trade and Industry Akazawa (赤沢) described semiconductors as a strategically important field for economic security and said that cooperation between Japan and the United States could build a resilient supply chain. Japanese companies that supply manufacturing equipment and materials have expressed interest.