Japan Dangling Tax Incentives to Attract Top Chipmakers

July 26, 2021, 11:01 PM

Japan is preparing an ambitious package of tax incentives and other inducements in the hope that foreign chipmakers like TSMC, Samsung and Intel can be coaxed into reinvigorating its dwindling semiconductor industry.

The government will offer tax breaks, subsidies, and investments as it tries to lure foreign chipmakers into joint ventures with their Japanese counterparts, officials of the semiconductor companies and the Ministry of Economy, Trade and Industry told Bloomberg Tax.

Like the U.S., South Korea, and China, Japan is seeking to grab a larger share of the manufacturing of strategically vital components for advanced technologies, from 5G to automated ...

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