US eyes role in building chip industry

Market potential: Prabowo attends an event in Jakarta. The government is pursuing annual investment growth of 10% over the next five years, including through building up the chipmaking industry, key to achieving Prabowo’s 8% economic growth target. — AP

JAKARTA: The United States is keen to take part in the development of Indonesia’s semiconductor industry following the recent reciprocal tariff trade agreement between the two countries, Coordinating Economy Minister Airlangga Hartarto says.

“To continue industrial downstreaming, with the signing of the trade agreement, the United States has begun to show interest in developing Indonesia’s semiconductor industry.