Geopolitical dynamics have made Japan, which dominated the hardware sector until the 1980s, a more attractive partner for Western tech giants than China.
'The traditional corporate culture in Japan tends to be risk-averse and hierarchical, which can stifle the rapid innovation typically seen in the software industry.' Photo: AP
And in the latest move, this week saw Microsoft, a partner of ChatGPT-maker OpenAI, pledge $2.9 billion to boost the nation's AI prowess. Only seven Japanese firms appear among more than 1,200 tech"unicorns" -- start-ups worth more than $1 billion -- listed by CB Insights. They also agreed to work with"like-minded countries to strengthen global semiconductor supply chains" in a joint statement.
TSMC opened a new $8.6 billion chip factory in southern Japan in February, and is planning a second, $20 billion facility for more advanced chips. "This is a great time to invest in Japan" with the yen's value at a 34-year low, said Hideaki Yokota, vice president of the specialist IT think-tank MM Research Institute.
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