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Japan said it will give TSMC up to 732 billion yen ($4.86 billion) more in subsidies to help it build a second chip fabrication plant as the Taiwanese company on Saturday marked the opening of its first Japanese factory. TSMC's decision to build chips in Japan has become a key component of Tokyo's push to revive advanced semiconductor manufacturing and harden its industrial supply chains against disruptions as tensions with neighbouring China grow. "The chips will be more advanced than the first factory and can be used for AI and autonomous driving, and will ensure we have stable supply of semiconductors in Japan," Minister of Economy, Trade and Industry Ken Saito told reporters after attending a ceremony for the opening of the first factory in Kumamoto on Japan's Kyushu island, hosted by TSMC's founder Morris Chang.
(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
Mainland China uses import bans and economic ties to send political message to Taiwanese voters while businesses on the island look to sell products elsewhere as they brace for worsening cross-strait tensions.