July 11, 2023 /SemiMedia/ -- According to Nikkei, Japan's Ministry of Economy, Trade and Industry (METI) will provide 75 billion yen in subsidies for semiconductor materials company SUMCO to build a new silicon wafer factory in Saga Prefecture. In addition to supplying Japanese semiconductor manufacturers, SUMCO will also steadily export to the United States, Europe and other countries/regions.

The report pointed out that SUMCO plans to invest 225 billion yen in factory and equipment, of which one-third of the cost comes from subsidies from the Ministry of Economy, Trade and Industry of Japan.

SUMCO was jointly established in 1999 by Sumitomo Metal Industries (now Nippon Steel) and Mitsubishi General Materials, and then absorbed the silicon wafer business of the two companies.