SBI plans to dissolve its joint venture with a Taiwanese company and manufacture semiconductors in Japan.
September 27, 2024, 7:30 PM GMT+9
On the 27th, SBI Holdings announced the dissolution of the semiconductor manufacturing business planned in Japan with Taiwan's semiconductor giant Powerchip Technology. It was reported that it became difficult to launch the business from PSMC.
SBIH plans to continue handling semiconductor-related businesses at the intended site, but has determined that continuing with PSMC as a partner is difficult. The total investment amount was about 800-900 billion yen, and the Japanese government was expected to provide some assistance for the initial investment.
SBIHD announced a partnership with PSMC in Japan for semiconductor production in July last year, and announced the establishment of a joint venture company. They were planning to build a semiconductor factory in Miyagi Prefecture.

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Market Overview
Today's Nikkei Stock Average began at 37444.17 yen, 682.16 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 49.75 points at 2653.94.
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