Japan’s multibillion-dollar support package for Taiwan Semiconductor Manufacturing Co.’s first plant in the country will be a test for the government’s newly found interest in industrial subsidies, Nikkei Asia reported on Friday.
The deal seems out of character, Nikkei said, given that Tokyo has joined the US and European Union in criticising Chinese state aid for industry.
Japan’s courtship of TSMC, the world’s top contract chipmaker, comes at a time when the US and the EU are also moving to boost chip production on home soil. “Creating a stable chip supply chain is important, including from a national security perspective,” Minister of Economy, Trade and Industry Koichi Hagiuda said.
Read the full story: Nikkei Asia
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