TSMC Plants Fuel Japan’s Biggest Land Price Rises for Second Year
- Areas close to TSMC plants saw 33.3% jump compared with 2023
- Chipmaker Rapidus also bolstered prices in parts of Hokkaido
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Taiwan Semiconductor Manufacturing Co.’s new chip plants on the southern island of Kyushu have triggered Japan’s fastest rises in land prices for the second straight year, in an indication of the project’s impact on the economy.
Two locations in Ozu, a town in Kumamoto prefecture close to TSMC’s two factories, saw the biggest price hikes as of July 1 compared with a year earlier, according to data released Tuesday by the Ministry of Land, Infrastructure, Transport and Tourism. Both areas saw a 33.3% increase, compared with a national average of 3.4% for land earmarked for industrial use.