According to Chief Cabinet Secretary Hirokazu Matsuno, Prime Minister Fumio Kishida intends to hold talks with senior leaders of worldwide semiconductor firms as soon as Thursday in order to enhance multilateral cooperation.
During a routine press conference on Wednesday, Matsuno stated that the durability of the semiconductor supply chain is unattainable by a single nation, and it is crucial to collaborate with similar-minded countries and regions.
The gathering would take place at a time when the United States is pressing allies to cooperate in order to challenge China's advancement of advanced technology and chip manufacturing.
Before Matsuno made his statement, two individuals involved in organizing the meeting had informed Reuters that Kishida would engage in discussions with executives from Taiwan Semiconductor Manufacturing Co Ltd and six other chip companies to explore potential investment opportunities in Japan and foster closer collaboration with Japanese corporations.
The sources also stated that representatives from Samsung Electronics Co Ltd, Intel Corp, Micron Technology Inc, Applied Materials Inc, International Business Machines Corp, and IMEC are expected to participate in the meeting.
Japan is working to revive its chip industry, whose share of the global market has decreased to roughly 10% from nearly 50% in the late 1980s.
The largest contract chip manufacturer in the world, TSMC, is erecting a sizable plant in western Japan. According to five sources with knowledge of the situation in March, Samsung is thinking about establishing a test line for chip packaging in the nation.
Additionally, according to a story published on Wednesday in the Yomiuri Shimbun daily, Intel is considering setting up a research and development unit in Japan.