Japan’s PM Kishida to meet executives from major chip companies: sources

TOKYO (Reuters) – Japan’s Prime Minister Fumio Kishida plans to meet top executives from global semiconductor companies including TSMC on Thursday to seek active investment in Japan, two people involved in planning the meeting said.

Executives from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) will join those from Samsung Electronics Co Ltd, Intel Corp, Micron Technology Inc, Applied Materials Inc, International Business Machines Corp and IMEC, the people said on Wednesday.

Kishida will also ask those companies to develop closer cooperation with Japanese firms, the people said after a Yomiuri newspaper report on the meeting.

Japan is struggling to reinvigorate its chip sector, whose global market share has plummeted to around 10% from around 50% in the late 1980s.

(Reporting by Yoshifumi Takemoto and Maki Shiraki; Writing by Mariko Katsumura and Kiyoshi Takenaka; Editing by Christian Schmollinger and Christopher Cushing)

Copyright 2023 Thomson Reuters.

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