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Benzinga
Benzinga
Business
Anusuya Lahiri

TSMC Looks To Expand Japan Chip Plant; DENSO Acquires Stake

  • DENSO Corporation will acquire a minority stake in Taiwan Semiconductor Manufacturing Co Ltd's (NYSE:TSM) Japan Advanced Semiconductor Manufacturing, Inc for $0.35 billion.
  • The investment will increase DENSO's stake to over 10%.
  • TSMC said that the chip plant it is building in Japan with Sony Semiconductor Solutions Corporation would expand, with an extra $1.6 billion in spending, Reuters reports.
  • Related Content: TSM To Build Chip Factory In Taiwan, Specialty Technology Fab In Japan
  • Construction of JASM's fab in Japan will likely begin in the 2022 calendar year, with production by the end of 2024. 
  • TSMC will also enhance JASM's capabilities with 12/16 nanometer FinFET process technology in addition to the previously announced 22/28 nanometer process and increase monthly production capacity to 55,000 12-inch wafers. 
  • The total capital expenditure for JASM's Kumamoto fab will likely be $8.6 billion with solid support from the Japanese government. 
  • The fab looks to create ~1,700 high-tech professional jobs.
  • Price Action: TSM shares traded higher by 3.20% at $123.60 in the market session on the last check Tuesday.
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