Technology, chips, battery and energy are key areas of cooperation and interaction between the United States and Japan, These two countries seek to secure supply chains and counter China, by becoming allies and alliessaid Washington’s envoy to Tokyo. The ambassador focused on the “commercial diplomacy” since he began fulfilling this role this year, fostering business alliances in areas of wider importance to economic security.
A US company is now looking at a “potentially large” chip-related investment in Japan, which would mark the latest collaboration between the countries in semiconductors, Emanuel told Reuters in an interview.
“Trade diplomacy is an important piece of overall economic cooperation and coordination between the United States and Japan.”Emanuel said Monday. This is a great example of how the two countries agreed on Friday to establish a new joint research center for next-generation semiconductors. Also what the ambassador said is reflected in the fact that Japan has said it will provide up to 92.9 billion yen (700 million dollars) to help the American firm Western Digital Corp (WDC.O) and its partner Kioxia Holdings to boost production. memory chip at a Japanese plant.
Tesla supplier Panasonic Holdings Corp chose Kansas last month as the location for a new battery plant. That deal came to fruition, Emanuel said, after US President Joe Biden spoke with Panasonic executives while in Japan.
The cooperation between these two important countries stems from the fact that China used its economic strength to put pressure on other countries.said Emmanuel. “There’s a pattern here: If they don’t like what you say politically, they muscle you economically,” he said, citing Japan’s experience more than a decade ago when Beijing restricted export quotas for rare land after a territorial dispute. So it is important to mention how In a joint statement Friday, US and Japanese ministers said they oppose “economic coercion,” although they did not name a specific country.
However, the US Secretary of State, Antony Blinken, said during a press conference that “The coercive and retaliatory economic practices of the People’s Republic of China force countries to make decisions that harm their security, intellectual property and economic independence.” When China has repeatedly said that it never uses economic coercion against any country and that it firmly opposes all forms of coercion, politically and diplomatically. He accused Washington of engaging in economic coercion in the name of national security.
Emanuel said if China pressures a country, The United States must respond with “economic incentives”including the use of energy resources as a “strategic asset”.
Concerns about China’s tensions with Taiwan, which makes the vast majority of sub-10-nanometer semiconductors used in smartphones, have prompted countries including the United States and Japan to increase investment in chip production. Emanuel said more investment in training skilled workers was also needed to support the chip industry. “We both need to invest in more scientists, more engineers and workers to make this happen”said.
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