Japan, U.S. industry chiefs agree to boost semiconductor cooperation

Japanese industry minister Yasutoshi Nishimura and his U.S. counterpart Gina Raimondo on Friday agreed to boost cooperation on the development of next-generation semiconductors.

During the meeting in Detroit, they also confirmed the need to reinforce global supply chains with other partners and through multilateral engagements such as the Indo-Pacific Economic Framework, a U.S.-led economic initiative launched last year involving 14 countries in the region.

A joint statement released by Japan’s minister of economy, trade and industry and the U.S. commerce secretary said they will encourage sem...