Toshiba to invest in Rohm's new power chip plant in Japan's Miyazaki -sources

Rohm Co

07/12/2023 09:19

TOKYO, Dec 7 (Reuters) - Japan's Toshiba  6502.T  plans
to invest in Rohm's  6963.T  new plant in southern Japan to
produce power management chips, two sources with knowledge of
the matter said on Thursday.
    It was not immediately clear how much Toshiba was planning
to invest. However, it marks the two Japanese companies' first
joint project since Rohm decided to invest a total of 300
billion yen ($2 billion) to join a $14 billion buyout of
Toshiba.
    The project would receive subsidies of about 120 billion yen
to 130 billion yen from the Japanese government designed to help
promote the domestic semiconductor industry, said the sources,
who declined to be identified as the matter is private.

 (Reporting by Miho Uranaka and Makiko Yamazaki; Editing by
David Dolan)
 ((david.dolan@thomsonreuters.com; +81 3 4563 2708;))