TSMC Expansion in Japan Gets Financial Lift with ¥2T Government Fund

  • By Grand News Network
  • |
  • November 8, 2023

Japan looks to earmark ¥2 trillion ($13.3 billion) in additional budget to boost its domestic semiconductors manufacturing position.

Of the total, about ¥760 billion will go into a fund to support the mass production of chips, which could help a second Taiwan Semiconductor Manufacturing Co (NYSE: TSM) factory in Kumamoto, southwestern Japan, Bloomberg cites familiar sources. 

Also Read: TSMC Fastracks Completion Of US Plant As Samsung Gets Aggressive With Foundry Ambitions

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