NYSE:SNE

JASM Set to Expand in Kumamoto Japan

Retrieved on: 
Wednesday, February 7, 2024
SSS, Government, Denso, TSM, DENSO, TSMC

In response to rising customer demand, JASM plans to commence construction of its second fab by the end of 2024.

Key Points: 
  • In response to rising customer demand, JASM plans to commence construction of its second fab by the end of 2024.
  • The increased production scale is also expected to improve overall cost structure and supply chain efficiency for JASM.
  • With this investment, TSMC, SSS, DENSO and Toyota will hold equity stakes of approximately 86.5%, 6.0%, 5.5%, and 2.0% in JASM, respectively.
  • The closing of the transaction among JASM, TSMC, SSS, DENSO and Toyota are subject to customary closing conditions.