In order to further enhance the economic effects of the concentration of the semiconductor industry, 11 regional banks in Kyushu and Okinawa, including the Bank of Fukuoka, have signed a partnership agreement. As the construction of a factory of Taiwanese semiconductor giant TSMC progresses in Kumamoto Prefecture, the aim is to cooperate with local companies and other businesses to support them.
According to the announcement, 11 regional banks in Kyushu and Okinawa have signed partnership agreements, including Fukuoka Bank, which has its head office in Fukuoka City, and Higo Bank, which has its head office in Kumamoto City.
As the construction of a factory by Taiwanese semiconductor giant TSMC progresses in Kumamoto Prefecture, the aim is to cooperate with local companies and other businesses to further enhance the economic effects of the concentration of the semiconductor industry.
Specifically, it will provide loans for funds necessary for capital investment and information based on market analysis so that local companies can enter the supply chain = supply network.
It is rare in Japan for regional banks to conclude a partnership agreement over the semiconductor industry.
At a press conference, Fukuoka Bank President Hisashi Goto said, "The 11 banks are usually rival banks, but first of all, we aim to increase the size of the entire economy of Kyushu and Okinawa.