Japan to subsidize TSMC’s Kumamoto plant by up to $3.5bn

June 17, 2022

TOKYO — Japan’s Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to 476 billion yen ($3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by Taiwan Semiconductor Manufacturing Co. (TSMC), Sony Group and Denso, the ministry said on Friday.