India, Oct. 28 -- Japan and the United States have concurred on the implementation of a semiconductor manufacturing project under the Strategic Investment Initiative set forth by the Governments of Japan and the United States.

Regarding the Strategic Investment Initiative announced in September 2025, Japan and the United States have advanced various coordination efforts, including through Consultation Committee meetings.

As a result, Japan and the United States have concurred on the implementation of a semiconductor manufacturing project in the State of New York, the United States, as the first semiconductor project under the Initiative. The estimated total project cost under the Initiative will be approximately USD 10 billion (approxim...