TSMC, Sony Confirm Plans to Build $7 Billion Chip Factory in Japan

What’s new: Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Sony Semiconductor Solutions Corp. (SSS) confirmed reports that they will build a $7 billion chip factory in the southwestern Japanese city of Kumamoto.

Construction of the plant, which will be operated by a joint venture between TSMC and SSS, will start in 2022, with production scheduled to begin by the end of 2024, the companies said in a joint statement Tuesday.