Toyota to invest in TSMC arm for 2nd Kumamoto chip plant in Japan
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Toyota Motor will invest in Taiwan Semiconductor Manufacturing Co.'s Japanese subsidiary, Japan Advanced Semiconductor Manufacturing, to fund the construction of a second chip plant in Japan's Kumamoto prefecture. Existing investors including Sony and Denso will also make additional investments into the unit. TSMC will retain an 86.5% stake in the subsidiary, while Sony, Denso, and Toyota will hold 6.0%, 5.5%, and 2.0% respectively.

#Toyota #Tsmc #Japan #Kumamoto #Semiconductors

https://asia.nikkei.com/Business/Business-deals/Toyota-to-invest-in-TSMC-arm-for-2nd-Kumamoto-chip-plant-in-Japan