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Toyota Motor will invest in Taiwan Semiconductor Manufacturing Co.'s Japanese subsidiary to fund the construction of a second chip plant in Japan's Kumamoto prefecture, the two companies declared on Tuesday.
Existing investors including Sony and Denso will also make additional investments into the unit, Japan Advanced Semiconductor Manufacturing, TSMC said.
TSMC will still own a 86.5% stake in the subsidiary, while Sony, Denso and Toyota will hold 6.0%, 5.5%, and 2.0% respectively.
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