TOKYO (AP) — Armed with a new law that boosts U.S. support for computer chip manufacturing, Vice President Kamala Harris is seeking investments and partnerships as she sits down with Japanese technology executives.
Harris was meeting with the CEOs on her last full day in Tokyo on Wednesday, a reflection of the administration’s focus on boosting semiconductor manufacturing and expanding the supply chain for critical materials.
With China investing in computer chips of its own, the U.S. is working to solidify its technology relationships with South Korea, Taiwan and Japan.
The CHIPS and Science Act, signed by President Joe Biden, includes $52 billion for grants and incentives for semiconductor companies, plus a 25 percent tax credit when they invest in U.S. facilities. There’s also about $200 billion over the next decade to support research programs.
