Japan invested 42 billion yen to develop advanced process technology with three local semiconductor manufacturers

Japan's three major semiconductor suppliers will join hands to develop advanced chip manufacturing technology.
The plan will integrate canon, semiconductor manufacturers and screen semiconductor solutions, which make photoresists.
According to people familiar with the matter, the move will include cooperation with international manufacturers such as TSMC and Intel to seek to recover their lost ground in the global semiconductor competition.
The three companies will work with the National Institute of advanced industrial science and technology of Japan and the Ministry of economy and industry of Japan (METI), which will provide about 42 billion yen (386 million US dollars) in funding.
The project supported by METI seeks to build process technologies of 2 nm and below in the mid-1920s, and plans to build a prototype production line to help develop etching, cleaning and other equipment.