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Canon has partnered with Tokyo Electron and Screen Semiconductor Solutions to develop advanced chipmaking production technology with support from the Japanese government according to a report by Nikkei Asia.
The $386mil USD funding from the Japanese government is through the National Institute of Advanced Industrial Science and Technology, along with the Ministry of Economy, Trade and Industry (METI).
Japans semiconductor production industry has lost ground in recent years to Taiwanese chipmakers and companies like Intel.
The goal is to develop and implement a 2-nanometer or smaller process for chips by the mid-2020s.