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 a US$0.35 billion investment. With this equity investment, DENSO will hold a more than 10% equity stake in JASM.
Construction of JASM’s fab in Japan is scheduled to begin in the 2022 calendar year with production targeted to begin by the end of 2024. To support market demand, TSMC will also enhance JASM’s capabilities with 12/16 nanometer FinFET process technology in addition to the previously announced 22/28 nanometer process and increase monthly production capacity to 55,000 12-inch wafers. With the additional capacity, the total capital expenditure for JASM’s Kumamoto fab is estimated to be approximately US$8.6 billion with strong support from the Japanese government. The fab is expected to directly create about 1,700 high-tech professional jobs.
The closing of the transaction between JASM and DENSO is subject to customary closing conditions.
“TSMC is very glad to welcome DENSO’s participation in JASM to enable fresh innovations in the future of transportation together,” said Dr. CC Wei, Chief Executive Officer of TSMC. “JASM is not only an opportunity for TSMC to support growing market demand for specialty technologies, it enables us to leverage Japan’s top-notch semiconductor talent and contribute to the growth of the global semiconductor ecosystem.”
“While the global demand for semiconductors is expected to grow, we expect JASM to contribute to securing a stable supply of logic wafers, not only for us but also the overall industry,” said Terushi Shimizu, President and CEO of Sony Semiconductor Solutions Corporation. “We are very pleased to have DENSO as a new member, and we 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 stable supply of semiconductors over the medium to long term and thus to the automotive industry.”
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as 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 broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process 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 global 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 greater convenience and fun to people’s lives. In addition, we also work to develop and bring to market new kinds of sensing technologies with the aim of offering various solutions that will take the visual and recognition capabilities of both human and machines to greater heights. For more information, please visit https://www.sony-semicon.co.jp/e/.
DENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global.
Topic: Press release summary
The Government has implemented various schemes for the welfare and upliftment of every section of the society including minorities especially the economically weaker & lesser privileged sections of the society with schemes like Pradhan Mantri Jan Arogya Yojana (PMJAY), Pradhan Mantri Mudra Yojana (PMMY), Pradhan Mantri Kisan Samman Nidhi (PM KISAN), Pradhan Mantri Ujjwala Yojana (PMUY), Pradhan Mantri Awas Yojana (PMAY), Beti Bachao Beti Padhao Yojana, etc. Ministry of Minority Affairs also implements programmes/ schemes across the country including North Eastern States for socio-economic and educational empowerment of the six (6) centrally notified minority communities namely Christians, Sikhs, Buddhists, Muslims, Parsis and Jains. The schemes/programmes implemented by the Ministry in brief are as under: –
(A): Educational Empowerment Schemes:
(1) Pre-Matric Scholarship Scheme- Scholarship is provided to minority students from Class I to X, out of which 30% scholarship are earmarked for girls.
Post-Matric Scholarship Scheme- Scholarship is provided to minority students from Class XI to PhD., out of which 30% scholarship are earmarked for girls.
Merit-cum-Means based Scholarship Scheme- Scholarship is provided to minority students for Professional and Technical courses, at Under Graduate and Post Graduate level, out of which 30% scholarship are earmarked for girls.
All the three Scholarship schemes are on boarded on the National Scholarship Portal (NSP) and the scholarship amount is disbursed through Direct Benefit Transfer (DBT) mode.
(2) Maulana Azad National Fellowship Scheme – Under the scheme fellowship in the form of financial assistance is provided to minority candidates who clear the UGC-NET or Joint CSIR UGCNET examination.
(3) Naya Savera – Free Coaching and Allied Scheme – The Scheme aims to provide free coaching to students/candidates belonging to minority communities for qualifying in entrance examinations of technical/ medical professional courses and various Competitive examinations.
(4) Padho Pardesh – Under the scheme interest subsidy is provided to students of minority communities on educational loans, for overseas higher studies.
(5) Nai Udaan – Support is provided to minority candidates clearing Preliminary examination conducted by Union Public Service Commission (UPSC), State Public Service Commission (PSC), Staff Selection Commission (SSC) etc.
(B): Employment Oriented Schemes:
(6) Seekho Aur Kamao – Skill development scheme for youth of 14 – 35 years age group and aiming at providing employment and employment opportunities, improving the employability of existing workers, school dropouts etc.
(7) USTTAD (Upgrading the Skills and Training in Traditional Arts/Crafts for Development)- An effective platform to provide self-employment, market and opportunity to traditional artisans and craft persons from the minority communities. Hunar Haats are being organised across the country to provide employment opportunities and markets to artisans/craftsmen.
(8) Nai Manzil – A scheme for formal school education & skilling of school dropouts or educated in community educational institutions like Madrasas.
(9) Nai Roshni – Leadership development of women belonging to minority communities and non-minority communities (not exceeding 25% of each batch).
(C): Special Schemes
(10) Jiyo Parsi – Scheme for containing population decline of Parsis in India.
(11) Hamari Dharohar- A scheme to preserve rich heritage of minority communities of India under the overall concept of Indian culture.
(D): Infrastructure Development Programme:
(12) Pradhan Mantri Jan Vikas Karyakram (PMJVK) – The scheme aims to provide basic infrastructure such as Schools, Colleges, ITIs, Polytechnics, Hostels, Sadbhav Mandap, Skill Development Centres, Drinking water and Sanitation facilities, Health Projects including hospitals, Sport facilities, Smart classrooms, Aanganwadi Centers etc. in deprived areas of the country. The scheme is implemented in the identified areas having minimum of 25% minority population and backwardness parameters below the national average in respect of socio economic or basic amenities or both.
(13) Also, Maulana Azad Education Foundation (MAEF) implements education and skill related schemes as follows:- (a) Begum Hazrat Mahal National Scholarship for Meritorious Girls belonging to the economically weaker sections of Minorities (b) Gharib Nawaz Employment Scheme started in 2017-18 for providing short term job oriented skill development training to youth (c) Grant-in-aid to NGOs for infrastructure development of educational institutions.
(14) Equity to National Minorities Development and Finance Corporation (NMDFC) for providing concessional loans to minorities for self-employment and income generating ventures.
The details of the schemes mentioned at S. No.(1) to (12) are available on the website of this Ministry (www.minorityaffairs.gov.in) and those at serial No.(13) and (14) are available on the website of MAEF (www.maef.nic.in) and NMDFC (www.nmdfc.org) respectively.
As per Section 2 (c) of the National Commission for Minorities (NCM) Act, 1992, six communities namely Christians, Sikhs, Muslims, Buddhists, Jains and Parsis have been notified as minority communities. As per Census 2011, population of minority communities in the country are:- Muslims – 17,22,45,158, Christians – 2,78,19,588, Sikhs – 2,08,33,116, Buddhists – 84,42,972, Jains – 44,51,753 and Parsis – 57,264.
No State-wise allocation of funds is made in the budget of this Ministry. However, during last five years an amount of Rs. 21,934.38 Crores had been allocated for schemes being implemented by this Ministry.
This information was given by the Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi in a written reply in the Lok Sabha today.
(Release ID: 1795140)
Visitor Counter : 241