Sony to invest $500 mln in TSMC’s new Japan chip plant venture

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TOKYO, Nov 9 (Businesshala) – Sony Group (6758.T) said on Tuesday it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Company (2330.TW) (TSMC), a company that will invest in India will build a $7 billion chip plant in the U.S. Japan.

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Construction of the factory, which local media said last month will supply semiconductors to Sony’s image sensor business, will begin in 2022, with production beginning in late 2024, the companies said in a press release.

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The decision marks a breakthrough for Japanese industry ministry officials, who want TSMC to build plants to supply chips to Japan’s electronic equipment makers and auto companies as trade friction between the United States and China’s supply chains. threatens to disrupt and increases demand for the key ingredient.

Sony and TSMC said, “The fab is expected to directly generate approximately 1,500 high-tech professional jobs and have a monthly production capacity of 45,000 12-inch wafers.”

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The project has “strong support from the Japanese government,” he said, although he did not specify whether financial support was involved.

Amid rising tensions with mainland China, TSMC has become concerned about the concentration of chipmaking in Taiwan, which produces most of the world’s advanced semiconductors.

Reporting by Joo-Min Park and Tim Kelly; Editing by Kirsten Donovan Editing by Louise Heavens

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