TSMC will finalize a $5 billion deal this week to set up a factory in Japan to produce 22- and 28-nanometer chips from 2024

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Taiwan’s “Economic Daily” reported on November 8 that TSMC’s board of directors will sign a $5 billion new foundry in Japan at a meeting this week, sources said.

According to reports, the new factory, which will produce 22nm and 28nm chips, will begin construction in 2022 and mass production by the end of 2024.

The report pointed out that not only Sony, but also Toyota’s Denso and Mitsubishi Electric are interested in evaluating the participation of TSMC’s joint venture partners in Japan.

Sony Chief Financial Officer Hiroki Totoki also mentioned in the previous financial report performance conference that he will continue to discuss with TSMC and the Ministry of Economy, Trade and Industry of Japan on investment and establishment of factories, and Sony has also discussed with TSMC on how to deepen cooperation.

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