TSMC and Sony's joint venture to build a wafer foundry in Japan has been officially approved

$Taiwan Semiconductor(TSM.US)$ The investment case of TSM.N, a foundry factory in Taiwan, was approved by the China investment Ministry of the Ministry of economic affairs of the Taiwan in December 20th. TSMC is approved to set up jasm Fab in Japan with a maximum of 237.8 billion yen (about 13.364 billion yuan) to engage in the manufacturing, sales, testing and circuit aided design of integrated circuits and other semiconductor devices, so as to meet the needs of Japanese customers nearby.