Japan to target $254bn in homemade semiconductor sales by 2040

Semiconductors

Government aims to capture 30% share of global market, on par with US and China

Prime Minister Sanae Takaichi speaks at a December meeting of the Council for Japan’s Growth Strategy. (Photo by Mayumi Tsumita)

RYUTO IMAO and SACHIKO KAWAHARA

TOKYO — The Japanese government plans to target 40 trillion yen ($253.53 billion) in sales of domestically produced semiconductors by 2040, a move to capitalize on growing demand from artificial intelligence and data centers.