Significant breakthrough from Samsung to Japan
This new chip development facility will cost approximately $222 million and will be built on the site of the Samsung R&D Institute, southwest of Tokyo. However, according to reports, the new facility will operate separately. While the details are not clear, Samsung will build a production line for a prototype semiconductor chip device and employ several hundred people. According to the statements, Samsung will take this facility into use in 2025.
Japanese manufacturers proximity
Samsung could also benefit from tax breaks and financial incentives worth about $73.6 million offered by the Japanese government to companies that want to invest in the semiconductor chip space. Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol are working to promote cooperation between chip companies in their respective countries. Samsung’s primary competitor, TSMC, also invested in Japan in 2021. Japan was once the global leader in the memory chip segment and is trying to rebuild its presence by attracting foreign investment. Alongside TSMC, American memory chip maker Micron also invested in Japan and received tax incentives.