TSMC to Set Up $7 Billion Japan Plant With Help From Sony

TSMC will make equity investment of up to $2.12 billion
Sony to invest $500 million, Tokyo offering “strong support”

WATCH: TSMC plans to build a plant in Japan, and a subsidiary of Sony will take a minority stake in the $7 billion project. Peter Elstrom reports.Source: Bloomberg

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By Debby Wu

November 9, 2021 at 11:43 AM UTC

Updated on

November 10, 2021 at 12:28 AM UTC

This article is for subscribers only.

Taiwan Semiconductor Manufacturing Co. will build a $7 billion fabrication plant in Japan, with a subsidiary of Sony Group Corp. becoming a minority shareholder in the venture.

The new factory comes during a persistent chip shortage, which has hit a wide range of global industries. Governments around the world have been racing to bolster their domestic chip manufacturing capabilities, in part by attempting to entice TSMC and its South Korean rival Samsung Electronics Co. with financial incentives.