Japan to offer $300 million for optical chip tech development

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.
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Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisit The chip industry aims to harness light for sending signals, speeding up transmission and cutting power consumption. "Hopefully (the technology) is a future game changer," Japan's industry minister Ken Saito told reporters. The initiative comes as Japan strives to retain its edge in the chip industry and deepen partnerships with allied nations as China makes strides in advanced technologies. ($1 = 147.4200 yen) Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories