'Japan, US Eye Synthetic Diamond Production Under $550 Bln Investment Plan' - Reuters Exclusive

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  • Synthetic diamonds crucial for chip, precision manufacturing
  • U.S. wants to hasten domestic production of synthetic diamonds
  • Power-generation project with Hitachi also likely in 1st batch

A plan to build a synthetic diamond plant in the United States is a prime prospect in Japan's $550-billion investment package, as the allies push to expand production of a material vital to chip and high-precision manufacturing, sources said.

It could be among the first batch of projects, details of which Reuters is reporting for the first time, set to be unveiled ahead of a U.S. visit by Japanese Prime Minister Sanae Takaichi planned as early as March, the two sources said.

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