Japan is aiming to secure an additional 1.49 trillion yen ($10 billion) in subsidies for two key semiconductor projects, according to a key ruling party lawmaker for chips.
Up to 900 billion yen would be set aside for a second Taiwan Semiconductor Manufacturing Co. factory in Kumamoto, southwestern Japan, while 590 billion yen would be earmarked for Japan’s homegrown chip venture Rapidus Corp., said Yoshihiro Seki, secretary general of the Liberal Democratic Party’s lawmaker coalition on semiconductors.
The economy ministry has made the subsidies part of its request for an upcoming extra budget in the current fiscal year, he said in an interview Wednesday.
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