In November 2024, Japan’s cabinet approved a supplementary budget allocating ¥1.05 trillion (approximately $7 billion) for next-generation chip and quantum computing research, alongside ¥471.4 billion to support domestic advanced chip production. The funding was part of Prime Minister Shigeru Ishiba’s broader ¥10 trillion pledge for semiconductor and AI development by 2030.
According to The Quantum Insider, the allocation represented a dramatic escalation from prior years, when direct government quantum investments totaled approximately $100 million annually in 2023 and 2024. Recipients of existing and planned support included Rapidus, TSMC, and Micron Technology for chip manufacturing, while the quantum component targeted expansion of R&D infrastructure including at G-QuAT.
PM Ishiba subsequently designated 2025 as the “first year of quantum industrialization,” marking 100 years since the foundational theories of quantum physics were established.