Chip manufacturing giant TSMC to establish its second factory in Japan

Taiwan Semiconductor (TSMC), one of the leaders in microchip manufacturing, announced that it will establish a second chip manufacturing facility in Japan.

The semiconductor chip shortfall faced by manufacturers around the world, from cars to smartphones, from tablets to game consoles, forces manufacturers to invest.

Taiwan-based TSMC Chief Executive Officer (CEO) CC Wei talked about new chip investment plans in the East Asian country Japan at a press conference.

CEO Wei said that they decided to establish a second microchip manufacturing factory in Japan after the demands of the customers and the support of the Japanese government.

Explaining that they expect the global chip market to shrink by about 4 percent this year, Wei noted that TSMC will maintain the company’s income level with its advanced technology.

The Japanese government has announced that it will provide the financial backing for TSMC’s $8.6 billion investment in a factory under construction in Kumamoto, in southwest Japan.