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Business News/ News / World/  Samsung to build chip development facility in Japan: Nikkei

Samsung Electronics is set to construct a new semiconductor chip development plant in Yokohama, Japan, which is where the company already has a research and development facility, Nikkei reported.

As reported by Bloomberg, the plant will be in Yokohama where Samsung has an existing research and development site, the report said, without citing anyone.

Nikkei further reported that the Korean firm will build a production line for a prototype chip, and the facility will cost over 30 billion yen ($221 million), with the Japanese government expected to provide more than 10 billion yen in subsidies, Nikkei said. Operations are targeted to begin in 2025.

The leaders of South Korea and Japan have been making visits to each other's countries and have recently agreed to enhance collaboration in the areas of semiconductor chips and security.

The Japanese government has also been signaling support for semiconductor and battery projects as it tries to bolster its supply chain for both key products. Japan will provide subsidies for eight battery and two semiconductor projects, Trade Minister Yasutoshi Nishimura said last month.

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Updated: 14 May 2023, 07:18 AM IST
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