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ShreeMetalPrices: Japan’s PM Kishida to meet top chip companies to challenge china chip exports

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Fumio Kishida, the prime minister of Japan, intends to meet with senior executives from international chip companies as early as Thursday to deepen multilateral collaboration. According to chief cabinet secretary Hirokazu Matsuno.

At a routine news conference on Wednesday, Matsuno said, “The robustness of the chip supply chain cannot be reached by a single country, and it is highly necessary to collaborate together with like-minded nations & regions.

The gathering would take place at a time when the US is pressing allies to cooperate in order to challenge China’s advancement of advanced technology and chip manufacturing.

Prior to Matsuno’s remark, two individuals familiar in the meeting’s preparations told Media that Kishida is going to meet with managers from TSMC & 6 other semiconductor manufacturers to discuss active investments in Japan and closer collaboration with Japanese businesses.

In addition, executives from International Business Machines Corp, Micron Technology Inc, Intel Corp, Applied Materials Inc, SEC, and IMEC will participate, according to the sources.

Japan is making efforts to revive its chip industry. Whose worldwide market share has decreased to approximately 10 percent from about 50 percent in the late 1980s.

The biggest agreement semiconductor maker in the world, Taiwan Semiconductor Manufacturing Co Ltd, is building a sizable plant in western Japan. According to five sources with knowledge of the situation in March. Samsung is thinking about establishing a test line for chip packaging in the nation.

Additionally, according to a story published on Wednesday in the Yomiuri Shimbun daily, Intel is considering setting up a research & growth unit in Japan.

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