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Tokyo to Set Conditions for Chip Plants – Japan News

Tokyo to provide 400 billion yen subsidy to Taiwan Semiconductor Manufacturing Co. to build plant in Kumamoto prefecture


A chip made by Taiwan Semiconductor Manufacturing Company (TSMC) is shown at the 2020 World Semiconductor Conference in Nanjing. Photo: AFP

 

Japan plans to require semiconductor companies to commit to at least 10 years of continuous production as one of the conditions for receiving a state subsidy, The Japan News reported.

The government will provide a 400 billion yen ($3.5 billion) subsidy to leading chip manufacturer Taiwan Semiconductor Manufacturing Co (TSMC) to build a plant in Kumamoto prefecture.

Read the full report: The Japan News

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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