Taiwan’s Powerchip targets listing in 5-7 years for Japan venture

TOKYO: Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp aims to list a joint venture being set up to build a factory in Japan in five to seven years, an executive from the chipmaker said on Friday.

Powerchip and Japanese financial firm SBI Holdings earlier this month said they aim to attract government subsidies to build the plant amid a wave of investment in Japan aimed at boosting its chip manufacturing capabilities.