TOKYO, Sept 27 (Reuters) -
Vice President Kamala Harris will meet on Wednesday in Japan
with heads of semiconductor-related businesses as the Biden
administration works to boost U.S. chips manufacturing,
according to a senior administration official.
Harris will talk to the executives about incentives now
available to investors in semiconductor manufacturing within the
United States following the August enactment of a law providing
$52.7 billion in subsidies for the industry.
She is also expected to tout the benefits of those
companies moving manufacturing hubs away from a dependence on
single, low-cost countries like China to prevent disruptions.
President Joe Biden has prioritised building high-tech
chips in an effort to preserve high-paying American jobs and
counter the rising market dominance of China, who he views as
Washington's key strategic competitor.
The legislation was also designed to help alleviate a
persistent chips shortage that has prevented the manufacture and
sale of everything from cars, weapons, washing machines and
Those shortages have worsened U.S. consumer price
inflation, which topped 8% on an annual basis in August.
Executives from at least 13 companies will attend,
including Sanken Electric, Tokyo Electron,
Hitachi High-Tech, Fujitsu and Nikon,
according to another U.S. official who declined to be named
previewing the meeting.
(Reporting by Trevor Hunnicutt; Additional reporting by Daniel
Leussink; Editing by Louise Heavens and Mark Porter)