The government on June 24 announced details of Japan’s Growth Strategy that is topped by a public- and private-sector investment of 102 trillion yen ($630.7 billion) for artificial intelligence and semiconductors.

The overall strategy envisions total investment exceeding 370 trillion yen by fiscal 2040 across 17 sectors.

These sectors are further broken down into 62 products and technologies, each with projected investment amounts.

Under this strategy, the government assumes an additional 10 trillion yen in annual spending.

It also will establish a special investment framework to secure financing over multiple fiscal years, aiming to attract private investment through upfront government…