Japan's government will seek 2 trillion yen ($13.2 billion) in budget funding to support chip production and advances in generative AI technology, including more aid for Taiwan Semiconductor Manufacturing Co. (TSMC).
The Ministry of Economy, Trade and Industry (METI) seeks about 650 billion yen in a proposed supplementary budget for Japanese chipmaker Rapidus' prototype production line and an Intel research center, as well as support for advanced semiconductor designs.
About 770 billion yen in aid will be sought for a second TSMC chip plant in Kumamoto prefecture on the southernmost main island of Kyushu. TSMC has already received subsidies covering half the construction costs of its first plant there.
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