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Japan’s chemical industry is shifting focus from petrochemicals to semiconductors.

Japanese chemical companies are joining forces with tech firms. They plan to enter the semiconductor materials market. This move is smart. It helps them tackle challenges in their petrochemical sectors. They’re seizing the opportunity to profit from the growing need for advanced chip technologies. This surge comes from the rapid growth of generative artificial intelligence (AI). Strategic Shift to Semiconductor Materials Major Japanese chemical companies are facing big drops in petrochemical sales. They are looking for new growth in semiconductor materials. The AI boom requires better and more efficient semiconductor parts. Tech firms are teaming up with companies to quickly create advanced chip materials. Mitsui Chemicals Inc. has opened the Creative Integration Lab at its Nagoya site. This advanced research center focuses on new ideas in semiconductors. This research center…