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Live news: Global chipmakers signal plans to expand in Japan

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From left: Intel Chairman Patrick Gelsinger, Japanese Economy Minister Yasutoshi Nishimura, Japanese Prime Minister Fumio Kishida, TSMC President Mark Liu, and Micron President Sanjay Mehrotra on Thursday. © Bloomberg

Three of the world’s largest semiconductor manufacturers have expressed their willingness to expand investments in Japan, as the industry reorganizes amid tensions between China and the West.

Micron said it expects to invest up to 500 billion yen ($3.7 billion) — including Japanese government subsidies — to produce Hiroshima’s cutting-edge ultraviolet lithography technology.

South Korean Samsung Electronics plans to invest in a new research and development center in Japan, according to Yasutoshi Nishimura, Minister of Economy, Trade and Industry.

Taiwan Semiconductor Manufacturing Co., the world’s largest chip contractor, also expressed willingness to expand its investment in the country.

The plans were revealed during an unprecedented meeting between Prime Minister Fumio Kishida and the heads of TSMC, Samsung, Intel, Micron and others in Tokyo on Thursday.

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