Japanese Prime Minister Fumio Kishida made a significant visit to a new semiconductor plant in Kyushu, Japan, which has received over 1 trillion yen ($7 billion) in government support. The plant, majority owned by Taiwan Semiconductor Manufacturing Co., marks the Taiwanese giant’s first venture in Japan.
During his tour of the facility, Kishida emphasized the positive impact the project will have on various industries, including electric vehicles and electronics. The plant’s opening comes at a crucial time as Japan aims to regain its foothold in the semiconductor industry, which it once dominated.
With Japanese companies like Sony, Denso, and Toyota investing in the TSMC subsidiary, the project is expected to create 3,400 high-tech jobs directly. This move aligns with Japan’s efforts to reduce its reliance on chip imports, especially after facing shortages during the pandemic that impacted industries like auto manufacturing.
The plant also serves as a symbol of Japan’s strong ties with Taiwan and the U.S., its key ally. As tensions between the U.S. and China escalate over semiconductor exports, Japan’s strategic location makes it an attractive option for companies like TSMC.
In addition to the Kyushu plant, Japan is supporting other semiconductor projects across the country involving global players like Western Digital and Micron, as well as Japanese companies like Renesas Electronics and Canon.
Overall, the new semiconductor plant represents a significant step towards Japan’s goal of revitalizing its chip industry and strengthening its position in the global semiconductor market.