Part 6/8:
However, Japan isn’t without its hurdles. There is skepticism surrounding the speed and efficiency with which Japan can reclaim its competitive edge. Many argue that the country will struggle against established giants like TSMC and IBM. Factors such as a lack of recent technological advancement, an aging workforce, and global competition present formidable challenges.
Questions of long-term viability also loom, particularly in regions experiencing rapid growth due to semiconductor projects. Kikuyo, a town gearing up to welcome employees from joint ventures like JASM (involving TSMC, Sony, and Denso), faces the dual challenge of fostering a multicultural environment and accommodating the demands of a burgeoning semiconductor industry.