According to the EU Commissioner for Internal Market Thierry Breton, the EU and Japan have agreed to work together to strengthen cooperation in monitoring, research and investment in the semiconductor industry. Both parties recognise the importance of the semiconductor industry for their economies and have expressed a willingness to deepen their collaboration in this area. Additionally, the EU will offer assistance to Japanese semiconductor companies interested in establishing operations in Europe, which may include access to subsidies. Moreover, the EU and Japan have also agreed to deepen cooperation on AI with the government and companies.

This strategic collaboration aims to reduce dependence on China and promote economic stability by expanding semiconductor supply networks, which play a crucial role in competing against China in advanced technology.

EU-Japan summit, 13 July 2023

European Council President Charles Michel and European Commission President Ursula von der Leyen are scheduled to meet Japanese Prime Minister Fumio Kishida at the forthcoming 29th EU-Japan summit in Brussels. There is anticipation surrounding this meeting, as media reports indicate the possibility of a notable announcement. Speculation suggests that a joint statement might be issued, highlighting a mutual determination to foster cooperation in important domains, including maritime security, cyberspace protection, and supply chain integrity.