TOKYO (Reuters) – Sony Group said one of its units has agreed to invest about $500 million in Taiwan Semiconductor Manufacturing Co’s new chip subsidiary in Japan.
Taiwan’s TSMC is building a chip factory in Japan, a move welcomed by the Japanese government.
Sony Semiconductor Solutions Corporation’s investment is expected to represent less than 20% of the new venture, according to its regulatory filing.
(Reporting by Ju-min Park; Editing by Kirsten Donovan)
