Countries are actively trying to attract semiconductor manufacturers. Japan needs to promote human resource development and revitalize its semiconductor industry while putting necessary systems in place.
Related laws were enacted to financially support the building of new semiconductor plants in Japan. The central government will subsidize up to half the cost of building new plants that produce high-performance semiconductors, with about 620 billion yen earmarked in the fiscal 2021 supplementary budget.
The related laws are expected to be applied for the first time for the construction of a plant in Kumamoto Prefecture by Taiwan Semiconductor Manufacturing Co. (TSMC) that is scheduled to start this year, with a subsidy of about 400 billion yen likely to be provided.
