Apple Supplier TSMC To Develop Chip Technology In Japan With Over 20 Companies As Participants: Nikkei
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Summary:
Japan is set to enlist the world's biggest contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE: TSM) in a joint public-private partnership to develop cutting-edge chipmaking technologies, the Nikkei Asia reported on Monday.
What Happened: TSMC aims to bear about $337 million (or 37 billion yen) — around half of the project's cost — and over 20 Japanese companies, including Ibiden, Asahi Kasei, Shin-Etsu Chemical, Shibaura Mechatronics, will participate in the program, as per the Nikkei.
The move purportedly comes as part of the Japanese government's plan to elevate the Japanese semiconductor industry's declining position in the global market.
The joint venture will begin construction of a trial facility this summer at the National Institute of Advanced Industrial Science an ...