Second TSMC plant to get government funding

Seki: If Japan alone doesn’t do anything, it won’t be able to attract top chip companies from the rest of the world. — Bloomberg

TOKYO: The Japanese government will pay for a significant part of a second Taiwan Semiconductor Manufacturing Co (TSMC) factory in southern Kumamoto, according to the leaders of the ruling party’s lawmaker coalition on chips.

Giving no support will be out of the question after the government pledged to shoulder half the cost of the first Kumamoto plant, said Akira Amari and Yoshihiro Seki, chairman and secretary-general of the Liberal Democratic Party’s group on semiconductors.