# Japan invests $500 million in new semiconductor venture

Japan will invest an initial 70 billion yen ($500 million) in a new semiconductor venture led by tech firms including Sony Group and NEC to re-assert itself as a leading maker of advanced chips.

- Type: Investment
- Announced: 2022-11-11
- Where: Japan
- Value: $500.0M
- Status: announced
- Products: advanced chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sony](https://endata.com/companies/2220.md) (partner)
- [NEC](https://endata.com/companies/17906.md) (partner)
- [Government of Japan](https://endata.com/companies/37898.md) (investor)

## Sources

- [reuters.com](https://www.reuters.com/technology/japan-invest-up-500-mln-new-advanced-chip-development-company-2022-11-11/), 2022-11-11: "Semiconductors are going to be a critical component for the development of new leading-edge technologies such as AI, digital industries and in healthcare."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.