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Japan, S. Korea seek to secure chips industry amid US-China rivalry

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TOKYO - In the small town of Kikuyo, in Kumamoto prefecture on Japan's Kyushu island, change is coming.

The world's largest semiconductor manufacturer Taiwan Semiconductor Manufacturing Company (TSMC), encouraged by the Japanese government with subsidies worth up to 476 billion yen (S$4.8 billion), is building a US$8.6 billion (S$12 billion) plant with Japanese business partners.

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A version of this article appeared in the print edition of The Straits Times on September 03, 2022, with the headline Japan, S. Korea seek to secure chips industry amid US-China rivalry. Subscribe