NTT, Kioxia to Back New Japanese Logic Chip Companies
Separator

NTT, Kioxia to Back New Japanese Logic Chip Companies

Separator

Major Japanese companies such as Nippon Telegraph and Telephone and Kioxia Holdings, have decided to invest in a new state-backed company that aims to mass-produce next-generation logic semiconductors, sources reported.

Other companies, including Toyota Motor, Sony Group, SoftBank and Denso Corp, also plan to invest about 1 billion yen ($6.84 million) each into the new company, sources reported separately.

Japan’s government will set up a new research centre by the end of 2022 to develop sub 2-nanometre semiconductors, which will be led by a former Tokyo Electron president, reports also said.

Asian companies are racing to develop advanced computer chips – a technological rivalry that heated up after the US imposed new export controls on advanced chips being sold to China.

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