Following the announcement by TSMC of Taiwan, the world's largest semiconductor contractor, to build a new semiconductor factory in Japan, the Japanese government will be able to provide large-scale financial support from the perspective of economic security. We are making adjustments to create a new fund.
TSMC announced on the 14th that it is planning to build a new semiconductor factory in Japan and start operations in 2024, subject to the approval of the board of directors in the future.
According to the people concerned, we are discussing with the Sony Group to establish a factory in Kumamoto Prefecture.
Amid the global shortage of semiconductors, each country is planning to invest a large amount of subsidies to attract manufacturing bases to its own country.
The Government of Japan also has a policy of subsidizing a certain amount of funds, saying that having a stable domestic semiconductor production base is important from the perspective of Japan's industrial competitiveness and economic security.
Specifically, with this year's supplementary budget, we are making adjustments in the direction of creating a new fund and providing financial support on the premise of preferential supply to Japan.
In addition, the ratio of subsidies is about half, and the Ministry of Economy, Trade and Industry and the Ministry of Finance are discussing what to do with the scope.
At a press conference on the 14th, Prime Minister Kishida said, "It is expected that the indispensability and autonomy of Japan's semiconductor industry will improve and contribute significantly to economic security. We would like to incorporate support into economic measures as well. "