According to The Asahi Shimbun, with the help of government grants, companies around Japan are spending trillions of yen to construct or upgrade their semiconductor factories to heighten production amid the global chip shortage.
It is rare for the government to use taxpayers’ money to help build factories, but Japan plans to revive its semiconductor sector to its past levels of glory.
In the 1980s, Japan had around a 50-percent share of the global semiconductor market, but the figure has dropped to around 10 percent, a decline described by the industry ministry as “a failure of the government’s industry strategy.”
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