Japan's three largest banks are expanding lending and advisory services for the country's growing semiconductor industry by forming dedicated teams, Nikkei reported Tuesday.

Mizuho Bank (TYO:8411) will open a semiconductor desk in Fukuoka in April to support companies in Kyushu, where chip investment is rising with the presence of Taiwan Semiconductor Manufacturing Company (TPE:2330), according to the report.

Meanwhile, Sumitomo Mitsui Banking Corporation (TYO:8316) is forming a semiconductor-focused consortium with group companies to address industry issues, while MUFG Bank (TYO:8306) has created a team focused on AI-related semiconductors, the report said.

The moves reflect growing investment in Japan's chip sector, with the government targeting semiconductor sales of 40 trillion yen by 2040, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)