TSMC to Build Second Chip Plant in Japan
By Peter Landers
TOKYO--Taiwan Semiconductor Manufacturing Co. said it will build a second semiconductor fabrication plant at its site in Kumamoto, Japan, aiming to begin production by the end of 2027.
TSMC said Tuesday that a Sony Group unit as well as Denso and Toyota Motor will join it in making additional investments into the Japan chipmaking operation. Together with the site's first fab, total investment will exceed $20 billion with support from the Japanese government, TSMC said.
With the new investments, TSMC said it will hold a 86.5% stake in the Japan operation, known as Japan Advanced Semiconductor Manufacturing, while Sony will hold 6%, Denso 5.5% and Toyota 2%.
TSMC is already building its first fab at the Kumamoto site. That fab is scheduled to begin operation this year, TSMC said.
Write to Peter Landers at peter.landers@wsj.com
(END) Dow Jones Newswires
February 06, 2024 06:07 ET (11:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?