TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Sony Group Corp. and Taiwan Semiconductor Manufacturing Co. are cooperating to build a new chip plant in Japan. The Japanese multinational company headquartered in Tokyo is contributing to the project by agreeing to invest around $500 million.
Taiwan’s TSMC is currently building a semiconductor facility in the country and this move has been welcomed by the local government so it is getting a lot of support. As per Reuters, it was posted on the regulatory filing that Sony Group’s subsidiary, the Sony Semiconductor Solutions Corporation, is the one investing in TSMC’s chip plant and its contribution is said to be equivalent to less than 20% of the new project’s total value.
Sony Group and TSMC’s collaboration to construct a $7 billion chip factory is part of their efforts in helping ease the chip shortage and strained global supply chain for the valuable semiconductors.
“The digital transformation of more and more aspects of human lives is creating incredible opportunities for our customers, and they rely on our specialty processes that bridge digital life and real life,” TSMC’s chief executive officer, Dr. CC Wei, said in a press release that was posted by Sony on Nov. 9. “We are pleased to have the support of a leading player and our long-time customer, Sony, to supply the market with an all-new fab in Japan, and also are excited at the opportunity to bring more Japanese talent into TSMC’s global family.”
Sony Semiconductor Solutions Corporation’s president and CEO, Terushi Shimizu, also said that while the chip shortage may last longer than expected, they are hoping that the team up with Taiwan’s TSMC will greatly contribute to securing a stable supply of logic wafers not only for Sony but for the entire industry. He went on to say that its new partnership with the Taiwanese chipmaker is very meaningful to Sony Group.
Meanwhile, the construction of the chip factory is ongoing and the production of semiconductors may begin in the latter part of 2024. Thus, the companies may not be able to immediately help in addressing the chip shortage that is affecting the tech and auto industries.
