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Japan's wooing of TSMC pays off with $7bn chip plant

Tokyo had an inside track with Taiwan semiconductor giant in joint R&D deal

TSMC Chairman Mark Liu, right, and Makoto Gonokami, then the University of Tokyo's president, seal a collaborative agreement in 2019. (Photo by Kensaku Ihara)

TOKYO -- A new Japanese chip plant in the works by Taiwan Semiconductor Manufacturing Co. is the product of a long-standing relationship between the world's largest foundry and a country seeking to regain its clout in the global semiconductor industry.

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