More on Japan's government $500mn investment in onshore chips manufacture

Headlines on this from earlier are here:

• Japan govt to invest up to 70bn yen in state-backed semiconductor development, production

Reuters have a little more posted now. This is key:

• As trade friction between the United States and China deepens and Washington restricts Beijing's access to advanced semiconductor technology, Japan is rushing to revive its chip manufacturing base to ensure its carmakers and information technology companies do not run short of the key component.

Onshoring of critical components seems wise. For chips $500m is seed money!