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Japan approves chip development project with Taiwan s TSMC
FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. (Reuters/Tyrone Siu)
01 Jun 2021 11:48AM (Updated:
01 Jun 2021 11:50AM) Share this content
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TOKYO: Japan has signed off on a US$338 million semiconductor research project to develop cutting-edge chip technology in the country with the market-leading Taiwan Semiconductor Manufacturing Company (TSMC).
Taiwan s chip-making plants are among the largest and most advanced in the world, and the project is intended to boost Japan s competitiveness in a key sector.
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Tue, 1 June 2021
Japan has signed off on a 37 billion yen ($337 million) semiconductor research project to develop cutting-edge chip technology in the country with the market-leading Taiwan Semiconductor Manufacturing Company (TSMC).
Taiwan’s chip-making plants are among the largest and most advanced in the world, and the project is intended to boost Japan’s competitiveness in a key sector.
The move comes as industry grapples with a global semiconductor shortage that has hampered the manufacturing of numerous products, particularly autos.
Around 20 Japanese companies will work with TSMC in the project worth 37 billion yen, with the government paying just over half of that, an official from Tokyo’s Ministry of Economy, Trade and Industry told AFP on June 1.