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Mitsubishi Electric to build ¥100 bil chip factory in Kumamoto

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> 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.

Tax payer money subsidies private business!

Why?

-1 ( +1 / -2 )

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.

0 ( +0 / -0 )

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