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TSMC in Japan: 5 things to know about its chip factory plans

Company faces limits at home and pressure abroad, while Tokyo joins global race

Taiwan's TSMC has announced it will build its first chip plant in Japan in Kumamoto Prefecture, with mass production slated to start in 2024. 

TAIPEI -- The world's biggest chipmaker is gearing up to build its first-ever chip plant in Japan, a major win for a country that is attempting to rebuild its semiconductor industry after years of decline.

Taiwan Semiconductor Manufacturing Co. announced the plan on Thursday, and the Japanese government has voiced its full support for the project, with sources indicating it will subsidize up to half of the estimated $8 billion cost.

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