Japan’s ruling party aims to secure roughly ¥1 trillion ($6.5 billion) per year to keep supporting the nation’s semiconductor and artificial intelligence sectors, according to a lawmaker who leads such efforts.
Most of the funding will be secured in a regular budget for the year starting in April rather than in an extra budget for the current fiscal year, according to Yoshihiro Seki, secretary general of the Liberal Democratic Party’s group of lawmakers that supports chip making in Japan.