TECH - Japan's Semiconductor Push Aims to Bolster Nvidia's Key Supplier TSMC With $10B Subsidy | Benzinga
Japan looks to dole out an additional 1.49 trillion yen ($10 billion) in subsidies for two key semiconductor projects.
The country proposes to earmark up to 900 billion yen for a second Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) factory in Kumamoto, southwestern Japan, while 590 billion yen for Japan’s homegrown chip venture Rapidus Corp, Bloomberg cites Yoshihiro Seki, secretary general of the Liberal Democratic Party’s lawmaker coalition on semiconductors.
The 900 billion yen ...