Friday, September 22, 2023
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Washington and Tokyo vow to step up chip cooperation


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In a joint statement, the two countries agreed to strengthen cooperation between their R&D centers and plan for future technical cooperation.

The statement came after Japanese Economy, Trade and Industry Minister Yasutoshi Nishimura met with U.S. Commerce Secretary Gina Raimondo in Detroit.

The two countries agreed to work together to “identify and address geographic concentrations of production that undermine the resilience of semiconductor supply chains.” They also pledged to strengthen supply chains by working with emerging and developing countries.

A new Japanese chip maker, Rapidus, is working with IBM (NYSE: 52IBM

) develops advanced logic semiconductors and has submitted to US memory maker Micron Technology (NASDAQ:

MU) so it can expand production there.

Japan and the Netherlands have also agreed to export with the United States Matching controls will limit sales of some chipmaking tools to China.

Raimondo met Chinese Commerce Minister Wang Wentao in Washington on Thursday, and the two exchanged views on trade, investment and trade. export policy.

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