Japan Chip Subsidy Requires 10-Year Commitment From TSMC, Others

(Nikkei Asia) — Japan plans to require chipmakers to maintain production here for about 10 years to qualify for a new subsidy designed to encourage more players to set up shop in the country.

With semiconductors becoming more vital to a range of products, from smartphones and home appliances to cars, Japan and other countries are scrambling to shore up supply. The chips are also increasingly considered crucial to national security.