Japan’s efforts to foster chip sector are ‘impressive’ – research org head

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FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

TOKYO (Reuters) – Japan’s efforts to regain its position as a leading manufacturer of chips are “impressive”, the head of a leading chip research organisation said on Thursday.

“Japan this time has taken a bold approach and has implemented very quick decision making,” Luc Van den hove, CEO of Belgium-based Imec told reporters in Tokyo.

Japan, a leading provider of chipmaking tools and materials that lost its edge in manufacturing in recent decades, is providing large subsidies to domestic and foreign chipmakers to build capacity.