Japan ese Prime Minister Fumio Kishida , center, is briefed as he visits a plant of the Taiwan Semiconductor Manufacturing Co. in Kikuyo town, Kumamoto prefecture, southern Japan Saturday, April 6, 2024. At right is Taiwan Semiconductor Manufacturing Company CEO C.C. Wei. TOKYO — Japan ese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than 1 trillion yen of support to secure a steady supply of chips on Saturday.
Four decades ago, Japan dominated in chips, with Toshiba and NEC controlling half the world’s production. That’s declined to under 10%, amid competition from South Korean, U.S. and European manufacturers, as well as TSMC.
The plant is a bright spot for Kishida, whose popularity has plummeted amid a corruption scandal in his ruling Liberal Democratic Party.
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