Japan starts subsidy scheme to revive domestic chipmaking, with US$3.46 billion going to TSMC and Sony

Taiwan Semiconductor Manufacturing Co. (TSMC) and a unit of Sony Group Corp have unveiled plans for a new production facility in southern Japan, becoming the largest beneficiaries to date of the subsidy scheme set up by the Japanese government as the first step in regenerating the domestic chip industry.TSMC has collaborated with Sony Semiconductor Solutions Corp (SSS) to set up Japan Advanced Semiconductor Manufacturing Inc (JASM) and plans have been drawn up for a new fabrication plant in…