Reuters

Japan sees peril in U.S. chip hub to counter China

Japan is worried that U.S. plans to pour billions of dollars into chip manufacturing to fend off China could finish off what’s left of a Japanese semiconductor industry that once dominated the world. After “three lost decades”, according to Japan’s industry ministry, the country’s share of global chip manufacturing has fallen from a half to a tenth as it leaked customers to cheaper rivals and failed to maintain a lead in cutting edge production. As China and the United States, driven by a trade war and security concerns, ramp up support for the manufacturing of chips that run everything from smartphones to missiles, officials worry Japan will be squeezed out altogether.

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