ICYMI - Japan Unveils $65 Billion Plan to Boost Chip and AI Industries ...Middle East

Japanese PM Shigeru Ishiba announced a US$65 billion (10 trillion yen) plan to boost Japan’s chip and AI industries, aiming for completion by fiscal 2030.In summary: The plan seeks to secure Japan's chip supply chain amidst global trade tensions, with a focus on mass production of next-gen chips.Key beneficiaries include chip foundry venture Rapidus and AI chip suppliers; Rapidus aims to produce advanced chips in Hokkaido from 2027 with partners IBM and Imec.The initiative is expected to generate an economic impact of 160 trillion yen.No deficit-covering bonds will be issued to finance the plan; details on funding sources remain unspecified.The plan is part of a broader economic package, tar

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