The Japanese and U.S. governments agreed that Japan would invest up to $21 billion in a plan to build a semiconductor plant in New York State. The total investment, including the current plan, is expected to reach approximately $119 billion.
Japan announced that the Japanese and U.S. governments had agreed that Japan would invest up to $21 billion in a plan to build a semiconductor plant in New York State. Minister of Economy, Trade and Industry Akazawa Ryosei (赤沢 亮正) commented that the plan would contribute to securing a competitive advantage in the AI era.
Japan had previously agreed to invest a total of approximately $550 billion as a condition for the United States to reduce the high tariffs it had set. Including the current project, total investment is expected to reach approximately $119 billion.
Following the announcement, construction of the semiconductor plant in New York State will proceed with the cooperation of the Japanese and U.S. governments. The article does not specify the company name, the specific investment structure or the construction schedule.