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New TSMC plant tests Japan's ability to design 'good' state subsidies

Tokyo has been a critic of Chinese aid for steel and semiconductors

TSMC's proposed plant in Kumamoto, western Japan, is poised to receive government funding. (Nikkei montage)

TOKYO -- Industrial subsidies are back in favor in Tokyo as Japan prepares a multibillion-dollar support package for Taiwan Semiconductor Manufacturing Co.'s first plant in the country.

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