Economics
Japan’s LDP Names Former Minister Yamagiwa as Chip Czar
- Yamagiwa replaces Amari, who championed Tokyo’s push for chips
- Japan plans to boost public funding for semiconductors, AI
Japan’s ruling party named Daishiro Yamagiwa as the new chairman of its group that promotes semiconductors, as it sets up a new mechanism to boost funding for the key industry.
Yamagiwa, who formerly served as economic revitalization minister, replaces Akira Amari, a Liberal Democratic Party heavyweight who championed Tokyo’s renewed push for chips until he lost his seat in parliament in last month’s national election.