EU and Japan will work together to monitor the chip supply chain and facilitate the exchange of researchers and engineers says European Commissioner for Internal Market Thierry Breton
"We believe that it's extremely important to secure the supply chain of semiconductors," Thierry Breton told Reuters news agency in Tokyo, where he is discussing cooperation on chips and artificial intelligence with the government and companies.
Japan is also offering subsidies to revitalise its chip industry, which retains an edge in materials and equipment but has lost overall global market share, and is backing chip foundry venture Rapidus."I think it's really an important initiative and going in the right direction," he said of the foundry venture.
Plans by Rapidus to produce cutting edge chips rely on support from Leuven, Belgium-based research company imec and IBM . A Japanese government-backed fund last week agreed to buy photoresist maker JSR Corp for $6.4 billion to drive consolidation in the industry.
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