Japanese companies to develop chipmaking technology with TSMC -Nikkei (updated)

Ibiden Co

31/05/2021 09:12

(Adds detail)
    TOKYO, May 31 (Reuters) - About 20 Japanese companies,
including electronic component maker Ibiden Co  4062.T , will
work with Taiwan Semiconductor Manufacturing Co (TSMC)  2330.TW 
to develop chip manufacturing technology in Japan, the Nikkei
newspaper reported.
    Japan's government will pay half of the 37 billion yen 
($337 million) cost of a research facility, The Nikkei said,
without disclosing its sources. 
    TSMC in February said it will spend about $178 million to
open a material research subsidiary near Tokyo. Japan wants to
cooperate with the Taiwanese company to help its semiconductor
manufacturers to stay competitive as chip demand grows with the
expansion of 5G infrastructure, autonomous driving technology,
data centres and artificial intelligence (AI).
    Ibiden and TSMC did not immediately respond to requests for
comment. 
($1 = 109.7000 yen)

 (Reporting by Tim Kelly
Editing by Kirsten Donovan and David Goodman
)
 ((tim.kelly@thomsonreuters.com; +813-6441-1311;))