TSMC and Sony Officially Create Partnership to Build $7 Billion Fab in Japan
upstart writes:
TSMC and Sony officially create partnership to build $7 billion fab in Japan:
Taiwan Semiconductor Manufacturing Company (TSMC) and Sony announced on Tuesday that they officially entered into a joint venture to build a new $7 billion fab in Japan, with the goal of mass-producing chips in that facility by 2024.
TSMC CEO CC Wei had already announced the new fab was in development last month, but it was yet to receive board approval until Tuesday. Rather than focus on building cutting edge chips, the new fab will primarily build chips with 22 and 28nm processes to help ease the current global chip shortage.
The new fab will be operated under a new joint venture between TSMC and Sony, called Japan Advanced Semiconductor Manufacturing (JASM), with mass production scheduled to begin by the end of 2024.
Sony will invest $500 million into the joint venture, which will give it no more than a 20% equity stake, with the remainder to be funded by TSMC.
[...] The company [TSMC] has also announced plans to spend $100 billion over three years to boost capacity.
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