TSMC unit to start chip plant construction in Japan this week

Economy

A Taiwan Semiconductor Manufacturing Co. subsidiary said Tuesday it will start construction of a chip plant in Kumamoto Prefecture, southwestern Japan, on Thursday in a project also involving the Japanese government. The world's largest contract chipmaker aims to ship products from the plant beginning in December 2024, Japan Advanced Semiconductor Manufacturing Inc. said, a development that would help ease global semiconductor shortages. TSMC, Sony Group Corp. and Denso Corp., a major Japanese auto parts maker, will invest, along with the Japanese government, a total of $8.6 billion in the pla...

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