The global shortage of semiconductor chips has prompted G7 nations to take action to address the issue at the G7 leaders summit in Hiroshima, Japan. In a recent meeting, G7 leaders discussed strategies to boost domestic chip production and reduce reliance on foreign suppliers. Major chip and quantum computing investments have been announced by the US, Japan, and the UK. 

Taiwan Semiconductor Manufacturing, Samsung, Intel and Micron CEOs met with Japanese Prime Minister Fumio Kishida to express support for Japan’s developing semiconductor sector. Over the following ten years, the UK announced that it would invest up to $1.2 billion in semiconductor design and research. A $150 million investment in quantum computing research in the US and Japan was announced by IBM and Google.

The shortage, which has affected various industries, including automotive and electronics, has led to production delays and increased prices. They plan to invest in research and development, promote collaboration between industry and academia, and enhance supply chain resilience.