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The Nikkei View

Japan should leverage TSMC deal to strengthen industrial base

But Tokyo must avoid wasteful subsidies in the name of 'economic security'

The decision by Taiwan Semiconductor Manufacturing Co. to build a new plant in Japan offers the country's semiconductor industry an opportunity to strengthen its foundation. The hope is that the move will boost Japan's whole digital sector.

The world's leading chipmaker is set to break ground on the factory next year and bring it online in 2024.

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