Mitsubishi Electric to build ¥100 bil chip factory in Kumamoto

> The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co is also building a factory in Kumamoto, in a joint venture with Sony Group Corp. and auto parts maker Denso Corp with the Japanese government subsidizing the project.

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Tax payer money subsidies private business!

Why?

To encourage investment like it's done all over the world. The concept is that the company and its employees will contribute to the economy and also pay taxes.