The Japanese government has also provided around 520 billion yen in subsidies for domestic capital investments in order to reduce the risk of supply chain disruption in high-tech industries. The Japanese government earmarked a total of 620 billion yen as financial aid under the FY2021 supplementary budget to encourage TSMC, a major semiconductor manufacturer in Taiwan, to build a factory in Kumamoto Prefecture in southwestern Japan and to undertake other similar initiatives. In recent years, in order to disconnect supply chains for key products, such as semiconductors, from China and increase supply chain resilience, Japan, the United States and European countries have used huge amounts of subsidies to promote efforts to bring production facilities back to their home turf (onshoring).
One reason is that Japan, the United States and European countries have been restricting trade and investment relationships with China since around 2019, as they have recognized the security risks involved in their relationships with that country. Global supply chains are undergoing change.
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