TSMC is currently building a semiconductor factory (factory 1) in Kikuyo Town, Kumamoto Prefecture, Kyushu, Japan, and is expected to start production in December 2024.
TSMC is also interested in building a second semiconductor factory in Japan (referred to as Factory 2), and the Japanese government is considering providing subsidies of up to 900 billion yen for the second factory.
At the “Public-Private Cooperation Forum to Increase Domestic Investment” held on October 4, Japanese Prime Minister Fumio Kishida finalized a new round of economic stimulus plan. Japan’s Ministry of Economy, Trade and Industry (METI) will use a budget of 3.4 trillion yen to establish three funds to support semiconductor production and research and development.
It is learned from reports that the three financial supports are the “Post-5G Information Communication System Enhanced Infrastructure R&D Project”, the “Specific Semiconductor Funding Plan” and the “Ensuring Stable Supply Support Fund”.
The Asahi Shimbun reported that Japan’s Ministry of Economy, Trade and Industry believes it is necessary to provide 900 billion yen (currently about 44.1 billion yuan) in subsidies to TSMC’s second factory. In addition, it will provide 600 billion yen (currently about 44.1 billion yuan) to the “Japanese national team” Rapidus. 29.4 billion yuan) subsidies, providing 700 billion yen (currently about 34.3 billion yuan) for traditional chip industries such as Sony CMOS sensors.
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