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Powerchip and SBI to build chip plant in northern Japan (Nikkei)

The logo of Powerchip Semiconductor Manufacturing Corp's Japanese business in pictured in Tokyo, Japan July 21 2023. REUTERS/Sam Nussey/File Photo

With a first investment of over 400 billion yen ($2.67 billion), Powerchip Semiconductor Manufacturing (6770. TW) and SBI Holdings (8473.T) want to construct a chip facility in the Miyagi prefecture in northern Japan, according to a report published in the Nikkei business daily on Friday.

According to the publication, Powerchip plans to open the following factory in 2026. This month, Reuters revealed that Powerchip was in the process of finalizing five sites for a new facility and was in talks to secure subsidies to finance a portion of the initial phase of the project.

Chip shortages have plagued the semiconductor industry, impacting various industries, including consumer electronics and the automobile sector. Building more industrial facilities will strengthen the supply chain and address these shortages.

The decision to locate the chip facility in northern Japan may have been influenced by the region’s infrastructure, availability of skilled workers, and closeness to essential markets. Japan is a good place for this kind of project since it has a history of semiconductor development and manufacture. The story of a chip mill has the potential to significantly boost the local economy in the area by attracting investment and creating jobs. It may also promote innovation in the semiconductor industry and technical breakthroughs.

To stay competitive, businesses in the highly dynamic semiconductor sector constantly spend on R&D and manufacturing. Partnerships such as the one between SBI and Powerchip are a reaction to the increasing significance of semiconductors in various applications.

The partnership between Powerchip and SBI to build a chip factory in northern Japan emphasizes the importance of semiconductor production and how it may help with the scarcity of chips. This project reflects the continuous efforts to increase manufacturing capacity and fortify the semiconductor supply chain worldwide.

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