Japanese Economy, Trade and Industry Ministry announced on Thursday that will provide up to ¥20 billion ($140 million) in subsidies to Samsung Electronics Co. for the company to build a chip development facility in Yokohama.
The total investment cost for the new Samsung facility is over ¥40 billion ($280 million)and the government money will cover half of it.
The plan will focus on research on "back-end" semiconductor technology, in which chips are assembled and molded, and will study manufacturing technology for high-performance semiconductors to be used in AI (artificial intelligence) and the 5G high-speed communication standard.
