TSMC’s First Chip Factory in Japan Will Receive US$3.486 Billion in Subsidies

TSMC’s first chip factory in Japan will receive approximately 400 billion yen (approximately US$3.486 billion) of Japanese government subsidies.

The Japanese government will set aside about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers.

Among them, about 400 billion yen will be used to invest in a new factory built by TSMC in Kumamoto Prefecture in southwestern Japan; and the remaining 200 billion yen will be used to build other new factories, including US memory chip manufacturer Micron Technology and Japan The project of Xia Holdings. This 600 billion yen fund covers several years of subsidies, not one year.