Toyota Supplier Denso Joins TSMC in Building New Chip Factory in Japan

Japan’s Denso Corp., the world’s second-biggest automotive parts supplier by sales, is joining a project led by Taiwan Semiconductor Manufacturing Co. to build its first chip plant in Japan with Sony Group Corp.

The Toyota group company will invest $350 million in a joint venture between TSMC and Sony set up for the plant in Kumamoto prefecture, southwestern Japan, it said in a statement Tuesday. Japanese newspaper Kumamoto Nichinichi Shimbun reported on the funding earlier, saying that Denso will be a major customer for the new plant.