Japan to Provide $4.9 Billion Subsidy for TSMC’s Second Chip Plant

Japan pledges ¥732 billion ($4.86 billion) subsidy to TSMC for new chip plant in response to the Taiwan firm’s inaugural Japanese factory. Amid semiconductor tensions with China, TSMC’s decision marks Tokyo’s effort to bolster industrial supply chains. The move aims to enhance chip production, catering to emerging AI and autonomous driving sectors, ensuring stable supply chains in Japan.

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