Taiwan's Powerchip chooses northern Japan for planned $5.4 bln fab (updated)

Powerchip Semiconductor Manufacturing

31/10/2023 05:24

(Adds details of chip production plans and competition for
plant in paragraphs 3-4)
       TOKYO, Oct 31 (Reuters) - Taiwanese chipmaker Powerchip
Semiconductor Manufacturing Corp  6770.TW  and Japanese
financial firm SBI Holdings  8473.T  said on Tuesday they have
selected Miyagi prefecture in northern Japan as the location for
a $5.4 billion planned fab. 
    Reuters reported this month that talks with the government
regarding subsidies were progressing in what would become the
latest commitment by Taiwanese chipmakers to manufacturing in
Japan. 
    The fab will manufacture chips in the 28-nanometre,
40-nanometre and 55-nanometre categories with a planned monthly
output of 40,000 wafers, the two companies said.
    Powerchip and SBI announced its plan to build a fab in July
and received proposals from more than 30 local governments, with
the agreement with Miyagi based on the premise the factory will
receive government subsidies.

 (Reporting by Sam Nussey; Editing by David Dolan and Jamie
Freed)
 ((sam.nussey@tr.com;))