From globalising to regionalising to reshoring value chains? The case of Japan's semiconductor industry

Abstract

This study evaluates the current situation and challenges of reshoring in the Japanese manufacturing industry, focusing on the semiconductor industry, which once dominated the world. After a recent document analysis and qualitative interviews with firms' representatives and policymakers, it is apparent that the globalised semiconductor industry is unlikely to reshore to Japan even amid supply chain disruptions due to the coronavirus disease 2019 pandemic. A review of Japan's semiconductor-related industries, such as semiconductor manufacturing materials, validated that they are embedded in Asian production networks and need to be optimised within a regionalised production system.