Sources say Japan will invest $82.4 billion over the next decade to triple semiconductor sales.

CTOnews.com, April 4 (Xinhua)-- according to official Japanese data, the business of chip manufacturing and related parts and materials was $37.46 billion in 2020 (CTOnews.com Note: currently about 257.725 billion yuan), accounting for 10% of global sales.

In order to ensure a stable supply of technology, Japanese authorities will invest $82.4 billion in public and private entities over the next decade, tripling sales.

Japan formulated a semiconductor and digital industry strategy in 2021 to improve local supply chain problems. The Japanese government had promised to invest $520 million in Rapidus, a semiconductor company.

CTOnews.com was founded last year by Japanese technology giants such as Toyota and Sony and plans to mass-produce advanced 2nm technology chips as early as 2027, according to the report.

In addition, Japan has also provided subsidies to TSMC and Meixia to build factories, and the Japanese government has decided to invest about 4.26 billion US dollars in building new production facilities.