Technology companies in Japan are insecure, warns a senior

Japan has no defense against foreign investors who take over companies like Toshiba because their shareholders are not facing any problems, according to the country’s former finance minister.

Akira Amari, a strong member of the Liberal Democratic Party’s ruling party, said the Japanese federation was “unaware of its importance to national security.”

Amari made the remarks while Japan saw it as a strengthening of foreign power and rules regarding foreign exchange between the growing tensions between the US and China due to semiconductor technology.

Last month, freedom fighters refused Toshiba committee chairpersons, demonstrating their potential to drive one of Japan’s leading technology companies with the potential for nuclear weapons, troops, bulk computers and chips. The company is still under pressure consider special offers following the CVC following for $ 20bn this year.

“All the business people said Toshiba was important, but only the freedom fighters were the ones who came with the money – that’s the basis for this,” he told the Financial Times.

Amari’s comments revealed how a anti-conflict laws on foreign currency disbursed last year did not solve Japan’s problem with disadvantaged or disadvantaged technology companies that are often pressured by human rights activists.

In addition to lack of household income, Amari said Japan put it at risk behind the semiconductor technology unless it closely cooperates with the US to protect China.

In the late 1980s, Japanese arms manufacturers outperformed the U.S. and became the largest in the world. But it has been greatly reduced. With the exception of Kioxia, which has a large share in the memory device market, is Sony, who rule in image sensors, global manufacturers cannot compete at the border.

However, the country is still playing an important role in semiconductor weapons and equipment, and the US wants to preserve Japanese expertise. in the hands of China. Tokyo, meanwhile, wants to remain strong for manufacturing.

Section of Japan a new way of growing focuses on promoting the sale of semiconductors for economic and international security, showing experiments and Biden officials. Japan also approves funding for Taiwan Semiconductor Manufacturing Company, the world’s largest company, to establish research center in this country.

“We’re moving from a group that uses chips to a place where it all depends on chips,” Amari said. “If we miss this opportunity, we will not be able to close it [competitive] difference. ”

It would be difficult for any country to develop independent weapons companies, he said. Therefore, it was necessary for liberal, democratic countries to work together to keep goods in friendly hands.

“We have to make [semiconductor] trade with neighboring countries, ”he said. “America is first and Japan is third in terms of economic power, so number one and third are supposed to have a partnership with the second world.”

Amari said the United States has always banned security deals through the Committee on Foreign Investment in the United States, but Japan was unfairly accused of being a defense when it did so.

Chinese advertisers have tried several times to acquire Japanese chip technology, sale in 2019 of Kokusai Electric, a manufacturer of KKR semiconductor equipment. Amari said some of the companies with the most important technologies were in the middle and did not consider themselves the most important.

“Unfortunately, the Japanese business is not very aware of national security. They care about the amount of money they can make, ”he said. “Few business leaders can imagine how devastating things could be five years from now.”