Japan Provides Nearly $5 Billion More to TSMC for Advanced Chip Plant Expansion
• Japan providing additional $4.86 billion in subsidies for TSMC to expand plant in country • Plant aims to start shipping advanced logic chips for cameras, autos by end of 2022 • New aid will finance construction of new fabrication building next to existing one • Project will produce cutting-edge 6nm chips, plans mass production by 2027 • Japan investing to secure domestic chip supply viewed as essential for industries & economic security