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Sony to invest $500 million in TSMC’s new chip unit in Japan -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : Sony Corp’s logo can be seen at the CP+ photography and trade fair held in Yokohama Japan on February 25, 2016. REUTERS/Thomas Peter/File Photo

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TOKYO (Reuters). Sony (NYSE:) Group reported that one its units had agreed to invest $500 million in Taiwan Semiconductor Manufacturing Co.’s new Japan-based chip subsidiary.

The Japanese government has welcomed the decision by Taiwan’s TSMC, to construct a chip factory there.

According to the regulatory filing, Sony Semiconductor Solutions Corporation is expecting to invest less than 20% in this new venture.

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