BY 2030 JAPAN IS SAID TO BE MAKING A SALES OF OVER 15-TRILLION IN THEIR DOMESTIC MICRO-CHIP
When it comes to technological innovation and advancement the world stands still for the iconic and charismatic Asian country known as Japan. It is not surprising, that there is a possibility of the company shotting for the galaxies in their bid to make more sales of their domestic developed micro-chip by the year 2030.
The country Industry ministry announced 03 April 2023, that there is a forecast to make a surge in sales of semi-conductors to the tune of JPY-15 trillion (¥ 15,000,000,000,000) by the year 2030 as the capital city (Tokyo) strives in boosting the market for its domestic productions following the demand in the global market.
Image of a micro-chip.
Although the country falls in the third number of the list of countries in the production of microchips next to south-Korea and taiwan being the number topping the chart, according to world population review, however the countries competitive edge and productive skills has been one of the factor that motivates the country in seeing domestically produced microchips to be a strategic means of boosting their economic security and as well is putting effort to provide subsidized rates to the Taiwan Semiconductor Manufacturing Co. (TMSC), which is responsible for the manufacturing of over 50% of the world’s semiconductors. This will encourage TMSC to see to building more manufacturing plants as well as other competitive countries in Japan.
Furthermore, it was said that an official announcement to restrict exports of 23-types of equipment used in the manufacturing of semiconductors was made by the ministry. This is to curb China’s ability to make advanced chips and as well aligning with its technology trade control with the United States. Although, it did not specify in the official announcement made to be directed to China as its primary target, they further clarified that equipment makers will need to obtain permission for all regions.
The primary aim, was to restrict the ability for world power countries to use the advanced technology for military purposes without having a witch hunt list in mind.
According to Yasutoshi Nishimura (Minister for Economy, Trade and Industry):
“We are fulfilling our responsibility as a technological nation to contribute to international peace and stability.”
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