Taiwan Semiconductor Fuels Japan's Land Boom With New Chip Plants: Report

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Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has successfully fueled Japan’s record land price appreciation for the second year, reflecting the importance of the projects on the economy.

The contract chipmaker’s new chip plants on the southern island of Kyushu have been instrumental in driving up land prices by 33.3%, Bloomberg cites Ministry of Land, Infrastructure, Transport and Tourism data.

Prior reports indicated Taiwan Semiconductor was eying a second Japanese plant in Kumamoto, potentially investing $13.5 billion ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesJapanTaiwan

Topics: SSNLF US38259P5089 US4138331040 Government Media AMZN Regulations US0231351067 MSFT TINY News TSM Benzinga US38259P7069 Top Stories Briefs US5949181045 US78463X3017 GMF GOOGL GOOG US8740391003 Tech Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 18:18:15 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 251 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22570019

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