DENSO to Take Minority Stake in JASM
February 15, 2022 | JCN NewswireEstimated reading time: 1 minute
TSMC, Sony Semiconductor Solutions Corporation (SSS) and DENSO Corporation announced that DENSO will take a minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (JASM), TSMC's majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan with a US$0.35 billion investment. With this equity investment, DENSO will hold a more than 10% equity stake in JASM.
Construction of JASM's fab in Japan is scheduled to begin in the 2022 calendar year with production targeted to begin by the end of 2024. To support market demand, 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. With the additional capacity, the total capital expenditure for JASM's Kumamoto fab is estimated to be approximately US$8.6 billion with strong support from the Japanese government. The fab is expected to directly create about 1,700 high-tech professional jobs.
The closing of the transaction between JASM and DENSO is subject to customary closing conditions.
"TSMC is very glad to welcome DENSO's participation in JASM to enable fresh innovations in the future of transportation together," said Dr. CC Wei, Chief Executive Officer of TSMC. "JASM is not only an opportunity for TSMC to support growing market demand for specialty technologies, it enables us to leverage Japan's top-notch semiconductor talent and contribute to the growth of the global semiconductor ecosystem."
"While the global demand for semiconductors is expected to grow, we expect JASM to contribute to securing a stable supply of logic wafers, not only for us but also the overall industry," said Terushi Shimizu, President and CEO of Sony Semiconductor Solutions Corporation. "We are very pleased to have DENSO as a new member, and we look forward to working with them to support the launch of JASM."
"Semiconductors are becoming increasingly important in the automotive industry as mobility technologies evolve, including automated driving and electrification," said Koji Arima, President and CEO of DENSO Corporation. "Through this partnership, we contribute to the stable supply of semiconductors over the medium to long term and thus to the automotive industry."
Suggested Items
Boeing Opens Research & Technology Center in Japan
04/23/2024 | BoeingBoeing today opened a Boeing Research & Technology (BR&T) Center in Japan that will focus on innovation to enable the commercial aviation industry meet its goal of net zero carbon emissions by 2050.
NASA, Japan Advance Space Cooperation, Sign Agreement for Lunar Rover
04/11/2024 | NASANASA Administrator Bill Nelson and Japan’s Minister of Education, Culture, Sports, Science and Technology (MEXT) Masahito Moriyama have signed an agreement to advance sustainable human exploration of the Moon.
Accenture to Acquire CLIMB to Expand Technology Capabilities
04/08/2024 | BUSINESS WIREAccenture has agreed to acquire CLIMB, a technology services provider specializing in system integration, IT infrastructure management and operations, primarily in the Gunma Prefecture.
Japanese Joint Research Group win Prime Minister’s Award with Ultra High-performance Computing Platform
03/25/2024 | FujitsuA Japanese consortium of research partners including RIKEN, the National Institute of Advanced Industrial Science and Technology (AIST), the National Institute of Information and Communications Technology (NICT), Osaka University, Fujitsu Limited, and Nippon Telegraph and Telephone Corporation (NTT) have been recognized with the prestigious Prime Minister’s Award.
Japan’s Mobile Phones Market Decreased by 3.5% YoY in 2023Q4 to 8.3 Million Units
03/06/2024 | IDCAccording to International Data Corporation ’s (IDC) Worldwide Quarterly Mobile Phone Tracker, in 2023Q4, Japan’s shipments of mobile phones totaled 8.3 million units, a decrease of 3.5% compared to the same period last year.