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On May 28, Japan's Asahi Shimbun cited government sources revealing that Japan has put forward a proposal to purchase billions of dollars worth of US semiconductor products, a strategic move aimed at advancing tariff negotiations with the United States. The Japanese government intends to subsidize domestic firms to procure chips from companies like NVIDIA, with the anticipated total subsidy ranging from hundreds of billions to one trillion yen. This initiative is designed to tackle the approximately 10 trillion yen trade deficit that the US currently holds against Japan, with NVIDIA identified as a pivotal supplier in this endeavor. Furthermore, the plan encompasses support for domestic production of wafers and chemicals, thereby strengthening the vital US-Japan semiconductor supply chain essential for chip manufacturing.
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