TSMC Looks To Expand Japan Chip Plant; DENSO Acquires Stake - Taiwan Semiconductor (NYSE:TSM)

DENSO Corporation will acquire a minority stake in Taiwan Semiconductor Manufacturing Co Ltd's TSM Japan Advanced Semiconductor Manufacturing, Inc for $0.35 billion.
The investment will increase DENSO's stake to over 10%.
TSMC said that the chip plant it is building in Japan with Sony Semiconductor Solutions Corporation would expand, with an extra $1.6 billion in spending, Reuters reports.
Related Content: TSM To Build Chip Factory In Taiwan, Specialty Technology Fab In Japan
Construction of JASM's fab in Japan will likely begin in the 2022 calendar year, with production by the end of 2024.
TSMC will also enhance JASM's capabilities with 12/16 nanometer FinFET process technology in addition to the previously announced 22/28 nanometer process and increase monthly production capacity to 55,000 12-inch wafers.
The total capital expenditure for JASM's Kumamoto fab will likely be $8.6 billion with solid support from the Japanese government.
The fab looks to create ~1,700 high-tech professional jobs.
Price Action: TSM shares traded higher by 3.20% at $123.60 in the market session on the last check Tuesday.