The Japanese government has proposed new development goals for the semiconductor industry, planning to increase domestic chip sales to 40 trillion yen (about 253.6 billion USD) by 2040, quadrupling from the current level of about 8 trillion yen, in order to strengthen its competitiveness in the global semiconductor industry.
The growth investment strategy announced by Japanese Prime Minister Sanae Takaichi on Tuesday shows that Japan's previously set goal was to achieve chip sales of 15 trillion yen by 2030. The new 2040 goal further expands the government's long-term planning for the semiconductor industry.
The Japanese government stated that semiconductors are one of the key industries related to national economic security and will become a focus for future public investment and industry policy support. A related development roadmap will be formulated in the coming months and included in the next year's budget plan.
Japan once held about half of the global semiconductor market in the 1980s, but lost its leading position in the 1990s due to US-Japan trade frictions and the decline of the domestic electronics industry. Currently, Japan's share in the global semiconductor market has fallen to less than 10%.
The government believes that with the growth in demand for advanced chips driven by artificial intelligence, Japan must accelerate its efforts to reclaim its position in the global semiconductor supply chain.
