
Japanese officials are set to offer subsidies to NEC, one of the country’s biggest tech companies, to purchase cable-laying ships capable of traversing oceans. According to the data-analytics-id=”inline-link” href=”https://www.ft.com/content/8bf18101-4afa-4110-aad8-66fc76c4c70a” target=”_blank” data-url=”https://www.ft.com/content/8bf18101-4afa-4110-aad8-66fc76c4c70a” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>Financial Times, Tokyo is willing to cover as much as half of the acquisition cost of these vessels. With each ship estimated to cost around $300 million, Japan is seemingly ready to spend half a billion dollars or more to allow NEC to have unfettered access to its own cable-laying vessels, a matter the government now considers…

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