In the face of increasing worldwide demand for semiconductor and image sensors in parallel with digitalization, manufacturers are accelerating their investments.
According to the Japanese industrial newspaper Nikkan Kogyo, Sony Group will build a new plant in Kumamoto, in southern Japan.
The new $5.8 billion (800 billion yen) manufacturing facility, with the foundation to be laid in 2024 at the earliest, will be operational after fiscal 2025.
Sony also has a sensor manufacturing facility in the same region and semiconductor manufacturing investments with TSMC, one of the world’s largest chip manufacturers.
The Japanese government will subsidize 476 billion yen ($3.5 billion) for the new Sony-TSMC-partnered chip plant, which will go into service in 2024.