Japan approves chip development project with Taiwan's TSMC Toggle share menu Advertisement 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 Bookmark 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.