(Bloomberg) When Taiwan Semiconductor Manufacturing Co. unveiled plans to begin building a new chip fabrication facility in Japan in 2022 and start production in 2024, it looked like an implausibly aggressive schedule. Chip plants often take three years to complete, and, although the Taiwanese company had moved faster on its own turf, this would be its first such attempt in Japan — where it would have to navigate foreign bureaucracies and regulations.Most Read from BloombergNvidia Rises Most
Taiwan Semiconductor Manufacturing Company (TSMC), the world s largest contract chipmaker, officially announced on the evening of the 6th that it will build its second semiconductor factory in Japan, in partnership with Sony Group and others, in Kumamoto Prefecture. Toyota Motor Corporation has newly invested in the operating company, and the combined investment for the first factory currently under construction and the new facility exceeds $20 billion, or more than 2.96 trillion yen. The second factory is scheduled to start construction by the end of 2024 and aims to begin operations by the end of 2027.
Kikuyo has become an unlikely key player in global tensions over semiconductors, but it’s struggling as an influx of Taiwanese workers push up wages and rents.
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