Japanese media revealed the intention of Samsung Electronics to build a new factory to develop semiconductor chips in Japan.
The plant will be set up in Yokohama, where Samsung already has a research and development site.
The Korean company will build a prototype chip production line, costing more than 30 billion yen ($221 million), and the Japanese government is expected to support the project by more than 10 billion yen, with operations to begin in 2025.
The Government of Japan seeks to support semiconductor and battery projects as it seeks to strengthen its supply chains for both major producers.
Japan’s Trade Minister Yasutoshi Nishimura said last month that Tokyo would provide support for eight battery projects, as well as two semiconductor projects.
Relations between Japan and South Korea are further improving, with the two countries’ leaders exchanging visits and agreeing to cooperate in the areas of chips and security.
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