TECH - Taiwan Semi Spurs Semiconductor Investment Frenzy in Japan Boosting Local Economy and Banking Sector | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has catalyzed a surge in interest from Taiwanese and Southeast Asian investors looking to tap into Japan’s semiconductor market, particularly in Kumamoto, known for its semiconductor incentives.
The trend also coincided with the U.S. imposing sanctions on China’s advancements in cutting-edge semiconductors.
Max Lin, executive vice president at CTBC Bank, Taiwan’s biggest private bank, noted the burgeoning demand for banking services in Kumamoto, driven by the key Nvidia Corp (NASDAQ:NVDA) supplier’s announcement of its first-ever Japanese chip fabrication plant in the region.
It marked a significant pivot for CTBC Bank, which expanded its operations to downtown Kumamoto to cater to the growing needs of clients involved in the semiconductor boom, from real estate inquiries to lifestyle advice, Nikkei Asia reports.
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