From The Japan Times · No Author · · 1m 30s
U.S. chip project significant for Japan-U.S. AI edge
Japan's economy minister highlights $21bn U.S. chip plants boosting AI competition.
In brief
Japan's economy minister highlights $21bn U.S. chip plants boosting AI competition. Japan will fund $21 billion for two U.S. semiconductor plants to strengthen AI capabilities. Originally reported by The Japan Times.
U.S. chip project significant for Japan-U.S. AI edge
Japanese Economy, Trade and Industry Minister Ryosei Akazawa praised the U.S. semiconductor plant project selected for the third round of Japanese funding in the United States under the two countries’ tariff agreement.
“the project holds great significance for japan and the united states to work together to secure a competitive advantage in the age of artificial intelligence”
Japan pledges $550bn investment for U.S. tariff cuts
In the agreement concluded last year, Japan pledged to provide the United States with $550 billion in investment and loans in exchange for U.S. tariff cuts for imports from the Asian country.
Two new plants to be built in New York
Under the project, led by U.S. semiconductor contract manufacturer GlobalFoundries, two new plants are set to be built in the state of New York with funding of up to $21 billion.
Japan provides $10bn for first plant construction
Japan will provide investment, loans and loan guarantees through government-affiliated financial institutions for the construction of the first plant, which involves some $10 billion in investment.
Semiconductors essential for AI data centers
The project will strengthen the capability to manufacture semiconductors, essential in various areas including AI data centers.
Benefits reach small and midsize companies
The benefits (of the project) are expected to also reach small and midsize companies that support the supply chain.
In short
Japan will fund $21 billion for two U.S. semiconductor plants to strengthen AI capabilities.
