India and Japan: From friends to strategic partners

Japan, once a global leader in consumer electronics and industrial products, has struggled to keep pace with the rapid advancements in artificial intelligence (AI) and the semiconductor revolution. In the late 1980s, Japan commanded over half of the global semiconductor market, but its share has since declined sharply to just 10 per cent. Japanese firms continued to bet on DRAM (Dynamic Random Access Memory) production which became increasingly less profitable over time. Its competitors meanwhile diversified into more advanced and lucrative segments like microprocessors, which became crucial components in personal computers and other digital devices. Advertisement This decline can be…