TOKYO -- Japan's Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to 476 billion yen ($3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by Taiwan Semiconductor Manufacturing Co. (TSMC), Sony Group and Denso, the ministry said on Friday.
Semiconductors
Japan to subsidize TSMC's Kumamoto plant by up to $3.5bn
Backing to come from METI fund intended to strengthen domestic chip sector
The Taiwanese company and its Japanese partners could start receiving payments by the end of this year. © Reuters
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