SBI Holdings to help Taiwan’s Powerchip build a plant in Japan

TOKYO: Financial firm SBI Holdings said on Wednesday it would help Taiwan’s Powerchip Semiconductor Manufacturing Corp establish a factory in Japan as the country looks to revive its chip industry.

SBI will establish a company to aid with planning and fundraising, including lobbying for government subsidies, and will help the chipmaker find a location to produce semiconductors for automakers and industrial machinery manufacturers and for a research lab to develop more advanced chips, the Japanese firm’s CEO, Yoshitaka Kitao, told reporters.