TSMC to increase investment in chip plant in Japan's Kumamoto

Taiwan Semiconductor Manufacturing Co. said Tuesday that it will increase its capital spending for a plant to be built in Japan's southwestern prefecture of Kumamoto by 20 percent to $8.6 billion to boost its production capacity.The world's largest contract chipmaker also said major Japanese auto parts maker Denso Corp. will invest $350 million in Japan Advanced Semiconductor Manufacturing Inc., its subsidiary founded with Sony Semiconductor Solutions Corp., for the chip-making venture.Denso's stake in the TSMC subsidiary will exceed 10 percent.TSMC has previously said its initial capital e…READ FULL ARTICLE