Taiwanese chip firm to build a $5.3 billion factory in Japan as country seeks semiconductor boost
Publishing timestamp: 2023-10-31 04:55:06
Summary
Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) and Japanese financial conglomerate SBI Holdings have chosen a site in northern Japan for an 800 billion yen ($5.3 billion) chip manufacturing plant. The plant will manufacture semiconductors in various categories and is part of Japan's push to boost its domestic semiconductor industry. The first phase of the project will require a 420 billion yen investment, with PSMC and SBI Holdings covering half of the cost. The rest will come from foreign and domestic investors, bank loans, and government subsidies. The article highlights the increasing importance of semiconductors and the efforts of various countries, including Japan, to enhance their capabilities in this area.
Sentiment: NEUTRAL
Tickers: 4185.T-JP, 8473.T-JP,
Keywords: taiwan, jsr corp, asia economy, japan, semiconductor device manufacturing, internet, business news, technology, sbi holdings inc,