Japanese PM Kishida visits TSMC's first chip plant in Japan, pledging $7B support; TSMC aims for 60% local procurement by 2030.
Japanese PM Fumio Kishida visited TSMC's first chip plant in Japan, pledging $7 billion in support. The Taiwanese semiconductor giant plans to reach 60% local procurement for the plant by 2030, and the project is seen as crucial for Japan's semiconductor industry and other sectors such as electric vehicles and electronics. The new plant in Kumamoto is majority owned by TSMC, with Japanese companies like Sony, Denso, and Toyota also investing in the project.
April 06, 2024
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