Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, July 4 (Xinhua)-- after meeting with Japanese dignitaries and companies, EU Internal Market Commissioner Thierry Breton announced the signing of a memorandum with Japan to strengthen cooperation in semiconductors, network security and submarine cables, according to Reuters.

In terms of semiconductors, Japan will provide generous subsidies to European manufacturers to promote the development of its chip industry. Although the Japanese chip industry has advantages in materials and equipment, its share of the global market has been declining in recent years.

The European Union and Japan will monitor the chip supply chain, promote exchanges between researchers and engineers on both sides, and advance the technological capabilities of the European Union and Japan more quickly. "ensuring the supply chain of semiconductors is a top priority," Breton said.

Breton will meet with executives of Japanese semiconductor company Rapidus on Tuesday to discuss cooperation between the European Union and Japan, CTOnews.com reported, citing Reuters.

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