- Japan looks to allocate ¥600 billion ($5.2 billion) from its FY21 budget to support advanced semiconductor manufacturers like Taiwan Semiconductor Manufacturing Co Ltd TSM, Nikkei Asia reports.
- The Japanese government will invest ¥400 billion in a new factory by TSM in Kumamoto prefecture, southwest Japan.
- The government will invest the remaining ¥200 billion in other factories, including Micron Technology Inc MU and Japan's Kioxia Holdings.
- Related Content: TSM To Build Chip Factory In Taiwan, Specialty Technology Fab In Japan
- Price Action: TSM shares traded lower by 3.87% at $119.93 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
