TOKYO -- Japan's Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to 476 billion yen ($3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by Taiwan Semiconductor Manufacturing Co. (TSMC), Sony Group and Denso, the ministry said on Friday.
This will be the first project to win subsidies from a 617 billion yen public fund created to strengthen Japan's semiconductor industry. Total investment in the plant will come to about $8.6 billion, with Japan's government supporting about 40% of the costs.
