Japan's Bold Chip Strategy: Tripling Domestic Semiconductor Sales by 2030
Portfolio Pulse from Anusuya Lahiri
The Japanese government aims to triple domestic semiconductor sales to over 15 trillion yen ($108 billion) by 2030. It has committed financial support worth 330 billion yen for Rapidus and up to 476 billion yen for Taiwan Semiconductor Manufacturing Company Ltd's (NYSE:TSM) new factory in Kumamoto.
June 06, 2023 | 1:03 pm
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Japan's government commits up to 476 billion yen in financial support for TSMC's new factory in Kumamoto, aiming to triple domestic semiconductor sales by 2030.
The Japanese government's commitment to financially support TSMC's new factory in Kumamoto is a significant investment in the company's growth. This support will help TSMC expand its production capacity and contribute to Japan's goal of tripling domestic semiconductor sales by 2030. As a result, this news is likely to have a positive short-term impact on TSMC's stock price.
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