Japan to invest $300bn+ in joint chip project with S. Korea and US
The Japanese government has decided to invest about 45bn Yen (about $305bn) in a project – involving companies from Japan, the US and South Korea – to develop and produce a new type of semiconductor, TASS reports
According to Japan’s Minister of Economy, Trade and Industry Ken Saito, the country hopes that this project will play a decisive role in the future, being a ‘game-changer in the semiconductor market’.
It is noted that Japanese telecommunications giants Nippon Telegraph and Telephone, the US company Intel and the South Korean Corporation SK Hynix are taking part in the project.
Within the framework of this project, it is planned to develop and create a new type of semiconductors that enabling – using optical technologies – to achieve higher data processing speeds with a 30-40 percent reduction in energy costs. It is expected that these technologies will be ready for use by 2027.
