The United States and Japan launch an economic dialogue; cooperate on next-generation semiconductors
The United States and Japan, longtime allies, launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. The two countries agreed to establish a new joint research center for next-generation semiconductors at the so-called “two plus two” economic ministerial meeting in Washington, Japanese Commerce Minister Koichi Hagiuda said.
US Secretary of State Antony Blinken, US Secretary of Commerce Gina Raimondo, Japanese Foreign Minister Yoshimasa Hayashi and Hagiuda also discussed energy and food security, the officials said during a briefing. hurry. “As the first and third largest economies in the world, it is essential that we work together to defend the rules-based economic order, an order in which all countries can participate, compete and prosper,” Blinken said. during the opening session.
Blinken said recent global events, including COVID-19 and the war in Ukraine, had shown the vulnerability of critical supply chains, while a growing number of countries were struggling with debt burdens due to unsustainable and non-transparent lending practices. “The coercive and retaliatory economic practices of the People’s Republic of China force countries to make choices that compromise their security, their intellectual property, their economic independence,” he said.
Japan’s Hayashi called Russia’s invasion of Ukraine a serious challenge to the international order and – in an apparent reference to China, although he did not name it directly – referred to attempts “to use economic influence in an unjust and opaque manner to achieve…strategic interests and to alter the existing international order”. SEMICONDUCTORS
Hagiuda said ‘Japan will move quickly’ on next-generation semiconductor research and said Washington and Tokyo had agreed to launch a ‘new R&D organization’ to establish a secure source of components vital. The research center would be open to participation from other “like-minded” countries, he said.
The two countries did not immediately release additional details of the plan, but Japanese newspaper Nikkei Shimbun earlier reported that it would be set up in Japan by the end of this year to research semiconductor chips. of 2 nanometers. It will include a prototype production line and is expected to start producing semiconductors by 2025, according to the newspaper. “As we discussed today, semiconductors are the backbone of our economic and national security,” Raimondo said, adding that ministers said ministers discussed collaboration on semiconductors. conductors, “particularly with regard to advanced semiconductors”.
Taiwan now manufactures a large majority of semiconductors below 10 nanometers, used in products such as smart phones, and there are concerns about the stability of supply if there is a problem involving Taiwan and China, which considers the island as a renegade province. Friday’s meeting came at a time of heightened tensions over Taiwan.
Chinese leader Xi Jinping on Thursday warned during a call with US President Joe Biden against playing with fire on Taiwan, underscoring Beijing’s concerns over a possible visit to the island claimed by China. Speaker of the US House of Representatives Nancy Pelosi. The House on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry as it competes with Chinese and foreign manufacturers.
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)