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While Tokyo no longer dominates global chipmaking, it has forged a path to reduce dependence on China and make itself indispensable. A few decades ago, Japan Inc. supplied almost 90% of the world’s memory chips, and just over 50% of the entire semiconductor market. Trade tensions flared between the US and Europe. The industry shifted, moving to processors and chip designers who outsourced to manufacturing foundries, most in Taiwan and South Korea.  Today, Japan is back, reinv