Sony: has contributed to TSMC's Japanese company

Sony Group said on Tuesday that it had completed the first wave of capital injection into TSMC's Japanese subsidiary, marking a major milestone in the joint venture between the two sides.

According to the Nikkei Asia Review, Sony Group injected capital into the joint venture through its Sony Semiconductor Solutions. Sony plans to invest 57 billion yen ($500m) over the next two years to hold no more than a 20 per cent stake in a joint venture called JASM (Japan AdvancedSemiconductor Manufacturing).

TSMC said in November that it would set up a joint venture plant with Sony in Kumamoto, Japan, with a capital investment of 800 billion yen and put into production by the end of 2024.

TSMC said in November last year that it would set up its first Japanese chip factory in Kumamoto prefecture in western Japan through a joint venture with Sony. The total capital investment is expected to be 800 billion yen and is expected to start operation by the end of 2024.

The plant, which will produce logic semiconductors for smartphones, automobiles and other technology industries, is expected to have the equivalent of 45000 300mm wafers a month.