TOKYO (Reuters) – Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd (TW:) or other world chipmakers to develop an advanced chip producing plant jointly with domestic chip devices suppliers, the Yomiuri daily described on Sunday.

The Japanese authorities hopes to faucet the know-how of worldwide chipmakers to rejuvenate the lagging domestic chip sector as state-of-the-art chip systems have develop into a focal stage in nationwide safety troubles, Yomiuri reported.

The governing administration is setting up to offer a overall of various hundred billion yen, or equivalent to quite a few billion pounds, about numerous many years to overseas chipmakers who be part of the venture, the each day reported, with no citing sources.

The report gave no timeline for the project.

A TSMC spokesperson denied there was any these program at the instant when contacted by Reuters but stated the corporation would not rule something out in the upcoming. The Japanese marketplace ministry did not reply phone calls.

TSMC, the world’s greatest deal chipmaker, in Could unveiled ideas for a $12 billion plant in the United Point out in an clear earn for the Trump administration’s initiatives to wrestle world-wide technological innovation source chains again from China.