Salem Radio Network News Thursday, December 2, 2021

Science

Sony to invest $500 million in TSMC’s new chip unit in Japan

TOKYO (Reuters) – Sony Group said one of its units has agreed to invest about $500 million in Taiwan Semiconductor Manufacturing Co’s new chip subsidiary in Japan.

Taiwan’s TSMC is building a chip factory in Japan, a move welcomed by the Japanese government.

Sony Semiconductor Solutions Corporation’s investment is expected to represent less than 20% of the new venture, according to its regulatory filing.

(Reporting by Ju-min Park; Editing by Kirsten Donovan)

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