Taiwan’s Powerchip chooses northern Japan for planned $5.4 billion fab

TOKYO: Taiwanese chipmaker Powerchip Semiconductor Manufacturing Corp and Japanese financial firm SBI Holdings said on Tuesday they have selected Miyagi prefecture in northern Japan as the location for a planned $5.4 billion foundry.

While the project has yet to receive government subsidies, Reuters reported this month that talks were progressing in what would become the latest commitment by Taiwanese chipmakers to manufacturing in Japan.