TOKYO, May 28 (Reuters) - Japan has proposed purchasing

billions of dollars worth of U.S. semiconductor products during

ongoing tariff negotiations with the United States, the Asahi

newspaper reported, citing an unidentified source.

The Japanese government plans to subsidize domestic

companies that buy the U.S. chips from companies such as Nvidia ( NVDA )

, with potential imports reaching up to 1 trillion yen

($6.94 billion), aimed at reducing America's roughly 10 trillion

yen trade deficit with Japan, the report said.

Japan's top tariff negotiator Ryosei Akazawa intends to

visit the United States around May 30 for a fourth round of

trade talks.

($1 = 144.1700 yen)