CosmicTaco

Japan's $9.9 Billion Boost for Chips and AI

CosmicTaco · 2024-11-30T09:25:35.504883+05:30

- Japan allocates an additional ¥1.5 trillion ($9.9 billion) to advance chip and AI technology, including Rapidus Corp. - The budget includes ¥1.05 trillion for next-gen chips and quantum computing, and ¥471.4 billion for domestic chip production. - This move is part of a ¥10 trillion pledge by PM Ishiba for economic and national security by 2030. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-11-29/japan-earmarks-extra-9-9-billion-for-chips-and-ai-this-year)

Japan allocates an additional ¥1.5 trillion ($9.9 billion) to advance chip and AI technology, including Rapidus Corp.
The budget includes ¥1.05 trillion for next-gen chips and quantum computing, and ¥471.4 billion for domestic chip production.
This move is part of a ¥10 trillion pledge by PM Ishiba for economic and national security by 2030.

Source: Bloomberg