The world’s leading chipmaker Taiwan Semiconductor Manufacturing Company has announced that it will increase investment in a new factory to be built in Kumamoto Prefecture, western Japan.
TSMC said on Tuesday that the total expenditure for the joint venture with Japan’s Sony Group will be about 8.6 billion dollars. That’s up more than 1.5 billion dollars from the amount announced in November.
The company also said the factory is expected to create about 1,700 high-tech professional jobs, 200 more than previously announced.
The factory will produce more advanced semiconductors in addition to products originally planned.
The partners aim to start production by the end of 2024.
TSMC also announced that Japanese auto parts maker Denso will acquire a more than 10 percent stake in the joint venture.
The Taiwanese firm will have a majority stake in the venture, while Sony will hold a less than 20 percent stake.
Denso hopes that taking part in the joint venture will help ensure stable procurement of semiconductors in the mid- to long-term, as global chip shortages are disrupting auto production.
