DENSO to take a minority stake in JASM | News | News

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KARIYA, Japan, February 15, 2022 – TSMC (TWSE: 2330, NYSE: TSM), Sony Semiconductor Solutions Corporation (“SSS”) and DENSO Corporation (“DENSO”) today announced that DENSO will take a minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (“ JASM”), TSMC’s majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan, with an investment of US$0.35 billion. With this acquisition, DENSO will hold a stake of more than 10% in JASM.

Construction of JASM’s manufacturing plant in Japan is expected to begin in calendar year 2022, with production expected to begin by the end of 2024. To meet market demand, TSMC will also upgrade JASM’s capabilities with 12/16 nanometer FinFET process technology in addition to earlier technology announced a 22/28 nanometer process and increased its monthly production capacity to 55,000 12-inch wafers. With the additional capacity, the total capital expenditure for JASM’s Kumamoto plant is estimated at around US$8.6 billion with significant support from the Japanese government. The plant is expected to directly create approximately 1,700 high-tech professional jobs.

The closing of the transaction between JASM and DENSO is subject to customary closing conditions.

“TSMC is very pleased to welcome DENSO’s participation in JASM to together enable new innovations in the future of transportation,” said Dr. CC Wei, Chairman and CEO of TSMC. “JASM is not only an opportunity for TSMC to support the growing market demand for specialized technologies, it allows us to leverage the best Japanese semiconductor talent and contribute to the growth of the global ecosystem. semiconductors.

“As the global demand for semiconductors is expected to increase, we expect JASM to help secure a stable supply of logic wafers, not only for us but also for the entire industry,” said Terushi Shimizu. , Chairman and CEO of Sony Semiconductor Solutions Corporation. “We are very happy to have DENSO as a new member, and look forward to working with them to support the launch of JASM.”

“Semiconductors are becoming increasingly important in the automotive industry as mobility technologies evolve, including automated driving and electrification,” said Koji Arima, President and CEO of DENSO Corporation. . “Through this partnership, we contribute to the stability of the semiconductor supply in the medium to long term and thus to the automotive industry.”

About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987 and has been the world’s first dedicated semiconductor foundry ever since. The company supports a thriving ecosystem of global customers and partners with industry-leading process technologies and a portfolio of design-enabling solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe and North America, TSMC is a committed corporate citizen around the world.

TSMC deployed 291 distinct process technologies and manufactured 12,302 products for 535 customers in 2021 by providing the widest range of advanced, specialized and advanced packaging technology services. TSMC is the first foundry to provide 5 nanometer production capabilities, the most advanced semiconductor processing technology available in the world. The company is headquartered in Hsinchu, Taiwan. For more information, please visit https://www.tsmc.com.

About Sony Semiconductor Solutions
Sony Semiconductor Solutions Corporation is a wholly owned subsidiary of Sony Group Corporation and the world leader in image sensors. Our semiconductor business also includes a variety of other parts, including microdisplays, LSIs and laser diodes. We strive to provide advanced imaging technologies that bring more convenience and enjoyment to people’s lives. In addition, we are also working to develop and bring to market new types of sensing technologies with the aim of offering various solutions that will take the visual and recognition capabilities of humans and machines to greater heights. For more information, please visit https://www.sony-semicon.co.jp/e/.

About DENSO
DENSO is a $44.6 billion global mobility provider that develops advanced technologies and components for nearly every make and model of vehicle on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification and electronics systems to create jobs that directly change the way the world moves. The company’s more than 168,000 employees are leading the way to a future of mobility that improves lives, eliminates traffic accidents and preserves the environment. Based in Kariya, Japan, DENSO devoted 10.0% of its global consolidated sales to research and development during the fiscal year ended March 31, 2021. For more information about DENSO worldwide, please visit https://www.denso.com/global.

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