Jun 7, 2023 /SemiMedia/ -- According to Bloomberg News, Japan’s Ministry of Economy, Trade and Industry has released a revised strategy for the semiconductor industry, with the goal of increasing Japan’s domestic semiconductor industry sales to 15 trillion yen (about $107.4 billion) by 2030.

Japan's Ministry of Economy, Trade and Industry stated that this strategic goal aims to strengthen the ability to develop and produce cutting-edge semiconductors, because advanced chip manufacturing technology is crucial to national economic security and the development of generative AI technology. This chip industry promotion plan is also expected to create about 463,000 jobs.

"Japanese chip companies are making investments, and we are willing to support these investments and provide the necessary budget to support the development of the chip industry," Japan's economy minister said.