Powerchip, SBI to build chip plant in northern Japan -Nikkei

Powerchip Semiconductor Manufacturing

27/10/2023 10:51

TOKYO, Oct 27 (Reuters) - Powerchip Semiconductor
Manufacturing  6770.TW  plans to build a chip plant in northern
Japan's Miyagi prefecture in cooperation with SBI Holdings
 8473.T  with an initial investment of about 400 billion yen
($2.67 billion), the Nikkei business daily said on Friday. 
    Powerchip aims to bring the new plant into operation in
2026, the paper said. 
    Reuters reported earlier this month that Powerchip had
closed in on five locations for a new plant and was negotiating
subsidies to cover part of the first phase. 
($1 = 150.0300 yen)

 (Reporting by Tokyo Newsroom; editing by Christina Fincher)
 ((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))