Japanese chipmaker Kioxia's logo is seen at its headquarters in Tokyo, on Sept 30, 2021. The group is one of many Japanese firms that have said they will be part of a new logic chip facility. Photo: Kim Kyung-Hoon, Reuters.
Major Japanese companies such as Nippon Telegraph and Telephone and Kioxia Holdings, have decided to invest in a new state-backed company that aims to mass-produce next-generation logic semiconductors, TV Tokyo reported on Thursday.
Other companies, including Toyota Motor, Sony Group, SoftBank and Denso Corp, also plan to invest about 1 billion yen ($6.84 million) each into the new company, the Nikkei newspaper reported separately.
Japan’s government will set up a new research centre by the end of 2022 to develop sub 2-nanometre semiconductors, which will be led by a former Tokyo Electron president, TV Tokyo also said.
Asian companies are racing to develop advanced computer chips – a technological rivalry that heated up after the US imposed new export controls on advanced chips being sold to China.
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