Nikkei reported that Prime Minister Kishida sent a video message to an international symposium on semiconductors that opened in Tokyo on Wednesday. The premier reportedly stressed that the GOJ will team up with the private sector to invest over 1.4 trillion yen ($12.2 billion) to help Japanese and foreign companies produce semiconductors in Japan. “Semiconductors are one of the most important elements for realizing economic growth and scientific innovation,” the premier was quoted as saying in the video. “It’s important to reinforce the domestic foundation for the development and production of semiconductors, which are sensitive technology in terms of economic security.”