Japanese Prime Minister Fumio Kishida and U.S. President Joe Biden agreed Monday to deepen cooperation in semiconductor research and development to expand their nations’ production capacity and secure a stable supply of strategically important chips amid global shortages. “We were able to reach an agreement on economic security cooperation, including the development of cutting-edge semiconductors,” Kishida told a press conference after the meeting. Kishida said both sides confirmed they would coordinate further and hold a ministerial-level meeting of the Japan-U.S. Economic Policy Consultative…

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