TSMC approves new joint venture with Sony - Taipei Times

By Lisa Wang / Staff Reporter

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Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its board of directors has approved investment of ￥282 billion (US$1.77 billion) to form a joint venture with Sony Semiconductor Solutions Corp to develop and manufacture next-generation image sensors for smartphones in Japan.The joint venture, Advanced Vision Semiconductor Manufacturing Corp, would be sited in Koshi City, Kumamoto Prefecture, TSMC said in a statement. It should commence volume production in 2029, TSMC said.

The logo of Taiwan Semiconductor Manufacturing Company is displayed at TSMC Museum of Innovation in Hsinchu on April 9.

Sony Semiconductor would invest ￥465 billion in the joint venture through a combination of cash and assets, the statement said.These capital contributions are expected to be made in phases based on market demand and other economic conditions, it said.