Japan to offer $300m subsidies for optical chip tech development

Japan to offer $300m subsidies for optical chip tech development

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Japan’s industry ministry said on Tuesday it will offer around 45.2 billion yen ($307 million) in subsidies in an initiative to develop optical technology for use in chips to help boost the country’s semiconductor industry.