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Sony begins funding TSMC's Japanese chip plant

Investment to reach $500m in joint venture with operations starting 2024

Sony will spend $500 million on a Japanese joint venture plant with Taiwan Semiconductor Manufacturing Co., the world's largest contract chip producer. (Source photos by Reuters)

TOKYO -- Sony Group said Tuesday that it has completed the initial funding of Taiwan Semiconductor Manufacturing Co.'s chipmaking subsidiary in Japan, a key milestone in their joint venture.

The investment went through group company Sony Semiconductor Solutions. The Japanese group plans to spend 57 billion yen ($500 million) over the next two years on the TSMC unit and retain a minority interest of less than 20%.

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