Rapid advancements in technological innovation are propelling the world forward at a fast pace. Technologies like AI and automation are at the center of this development, and this market is expanding at double digit rates in the developed world. In North America, this growth is estimated to be 14.8% annually, 8.7% in Europe while in Japan it is at 9.3%. Japan is working to take full advantage of the opportunities presented by this industry.
At the moment, Japan may not be the first country one thinks about when talking about the semiconductor industry, but it would be risky to bet against this country given its demonstrated ability to reinvent itself and its industries as the post-war period revealed after the country was devastated by atomic bombs. The real question may therefore be; how soon can they commercialize products that go neck-to-neck with industry-leading products from companies like Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM)? Only time will tell…
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