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Japan Earmarks $5.2B For TSM, Micron, Other Chip Plants

  • Japan looks to allocate ¥600 billion ($5.2 billion) from its FY21 budget to support advanced semiconductor manufacturers like Taiwan Semiconductor Manufacturing Co Ltd (NYSE: 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 (NASDAQ: 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.

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