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TSMC says it will build first Japan chip plant with Sony

Taiwanese chip group aims to begin mass production by 2024

TSMC's Japan plant will be the Taiwanese chipmaker's third major overseas facility after one in China and another being built in the U.S. (Source photo by AP and Reuters)

TAIPEI -- Taiwan Semiconductor Manufacturing Co. is to start producing chips in Japan by 2024 in a joint venture with Sony after the two companies signed a deal for a $7 billion plant on Tuesday.

TSMC's board of directors the same day officially approved plans to build the chip factory, its first-ever Japanese plant, in Kumamoto Prefecture.

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