Japan to allocate 600 billion yen for advanced semiconductor firms

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Japan to allocate 600 billion yen for advanced semiconductor firms

Nov 23, Reuters - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers, including the world's No. Taiwan Semiconductor Manufacturing Co TSMC Nikkei reported on Tuesday that it had 1 contract chipmaker.

In Japan, TSMC said earlier this month it would build a $7 billion chip plant with Sony Group Corp, a move welcomed by the Japanese government.

The report said that the remaining 200 billion yen will be used to set up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc and Japan's Kioxia Holdings.

Japan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades while rivals such as Taiwanese manufacturers gained ground.

TSMC, Micron and Kioxia didn't respond immediately to Reuters' requests for comment.