Japan Set to Earmark $13 Billion for Chips in Extra Budget
- Money can support second TSMC Factory, Rapidus via funds
- Government to approve budget Friday to fund stimulus package
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Japan is set to allocate almost ¥2 trillion ($13.3 billion) in an extra budget to boost its capacity to make and secure semiconductors at home, according to government officials familiar with the matter.
Of the total, about ¥760 billion will go into a fund to support the mass production of chips, money that could be used for supporting a second Taiwan Semiconductor Manufacturing Co. factory in Kumamoto, southwestern Japan, according to the people who spoke on condition of anonymity because the matter isn’t public yet.