The Japanese government is set to allocate an additional $9.9 billion this fiscal year to enhance its chip and artificial intelligence sectors. This funding will focus on next-generation technologies and domestic production capabilities, aiming to strengthen Japan's competitive position in global high-tech markets.

Japan's government has announced an additional allocation of 1.5 trillion yen (approximately $9.9 billion) this fiscal year to bolster its chip and artificial intelligence industries, emphasizing research and domestic production as key components of its strategy.