According to The Asahi Shimbun, Japan is putting together a package worth about 800 billion yen (US$ 6.9 billion) to support the domestic semiconductor industry, with the highlight being construction of a Taiwanese chip plant in Kumamoto Prefecture.
Local business leaders and researchers hope the factory of Taiwan Semiconductor Manufacturing Co. (TSMC) will resuscitate the main southern island of Kyushu into the “Silicon Island” of Japan.
In the supplementary budget to be submitted to the Diet next month, the government plans to include relevant items that will be used to establish a foundation of about 600 billion yen to support the nation’s semiconductor industry.
Most of the money in the foundation will go toward the construction of the TSMC plant.
Additional funds will be used as subsidies for research and development, and the total package will reach 800 billion yen.
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