Study on the influence of Chip Act on China-Japan semiconductor industry chain

Abstract

The U.S. technology blockade, represented by the CHIPS and Science Act of 2022 (hereinafter referred to as the “CHIPS Act”),
reflects America’s strategic intent to maintain its technological hegemony and curb the development of China’s semiconductor industry. As
a major semiconductor power that the U.S. aims to court and pressure, Japan’s cooperation with China’s semiconductor industry and the
resilience of its industrial chain have been particularly affected. This article analyzes the impact of the CHIPS Act on the Sino-Japanese semiconductor industry chain over time. The study finds that in the short term, the CHIPS Act will have a significant impact on the Sino-Japanese
semiconductor industry chain, but in the long term, the impact is relatively minor, leaving considerable room for deeper and more extensive
cooperation between China and Japan. The article proposes strategies to mitigate the negative impacts of the CHIPS Act from four aspects:
enhancing the resilience of the Sino-Japanese semiconductor industry chain through coordinated industrial policies, leveraging the RCEP
opportunity to boost the clustering effect of the Sino-Japanese semiconductor industry chain, promoting networked cooperation in China’s
semiconductor industry through multi-dimensional resource integration, and expanding horizontal technological linkages in the Sino-Japanese semiconductor industry through innovation-driven development, all aimed at boosting the resilience of the Sino-Japanese semiconductor
industry chain.