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Japan, U.S. to boost economic cooperation

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The Japanese and U.S. governments have clarified their intent to strengthen economic security through close cooperation to counter China’s rising military and economic power, and prepare for a possible emergency in Taiwan.
Economy, Trade and Industry Minister Koichi Hagiuda stressed the importance of next-generation semiconductors in particular at a press conference following the meeting of the Japan-U.S. Economic Policy Consultative Committee in Washington on Friday.
“The most important area for Japan-U.S. cooperation is the development of next-generation semiconductor technology, which will determine who has the competitive edge in the industry in the future,” Hagiuda said.
The two countries intend to promote bilateral cooperation in the field of semiconductors, including research and development, human resource development and supply chain enhancement, according to Hagiuda.
Japan holds a 15% share of the global semiconductor manufacturing market, and the U.S. holds 12%. But when it comes to advanced products with circuit line widths of less than 10 nanometers — 1 nanometer is one billionth of a meter — Taiwan’s share is 90%. In semiconductors, the finer the line width, the higher the performance and power savings.
With advances in digitization pushing up demand for cutting-edge semiconductor products, the Japanese and U.

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