Japanese companies to develop chipmaking technology with TSMC: Nikkei

TOKYO: About 20 Japanese companies, including electronic component maker Ibiden Co, will work with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan, the Nikkei newspaper reported.

Japan’s government will pay half of the 37 billion yen ($337 million) cost of a research facility, The Nikkei said, without disclosing its sources.

TSMC in February said it will spend about $178 million to open a material research subsidiary near Tokyo.

In a statement to Reuters, TSMC said that facility “aims to leverage more expertise in the field of materials to bring value to the industry”.