Japan plays the tariff "negotiation card" and proposes to buy American chip products

According to Huoxing Finance News, on May 28, the Asahi Shimbun reported, citing government sources, that as part of ongoing tariff negotiations with the United States, Japan has proposed purchasing billions of dollars worth of US semiconductor products. The Japanese government will provide subsidies to domestic companies purchasing chips from companies like Nvidia (NVDA.O), supporting chip purchases totaling hundreds of billions to 1 trillion yen. Japan aims to use this proposal as a "negotiation card" to address the US trade deficit with Japan, which is currently around 10 trillion yen, with Nvidia being a key supplier in the proposal. The plan also includes supporting the strengthening of US-Japan semiconductor supply chains through domestic production of wafers and chemicals, which are crucial for chip manufacturing. (Jinshi)