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Roundup: Tokyo stocks close lower as tech shares sold for profits

Japan Government Conceives $337M Chip Development Pact with TSMC, 20 Japanese Companies

Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM), along with twenty Japanese companies, have collaborated for a Japanese government-initiated chip manufacturing technology development program, Nikkei reports. The Japanese companies include packing technology company Ibiden, materials maker Asahi Kasei, heat-dissipating material manufacturer Shin-Etsu Chemical, material molder Nagase & Co, and manufacturing equipment producer Shibaura Mechatronics. TSM plans to incur 50% of the project cost

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