Government Japan Pledges $4.86 Billion to Expand Semiconductor Plant – Boosting Tech Industry Growth in the Country
Tokyo, Japan – The Japanese government announced a substantial boost of ¥732 billion ($4.86 billion) in subsidies for Taiwan Semiconductor Manufacturing Co. (TSMC) to support the expansion of its semiconductor plant located in Japan. Economy Minister Ken Saito unveiled the plan on Saturday during the opening ceremony of TSMC’s Kumamoto factory. Saito emphasized the critical role of TSMC as a key partner in Japan’s digital transformation. The Kumamoto factory is seen as a vital asset …