New high-profile chip vegetation driving up close by land costs throughout Japan

Prices of land plots have continued rising in Japan in areas the place semiconductor vegetation are being constructed with help from the federal government, a land ministry report has proven.

In the city of Ozu in Kumamoto Prefecture — east of the city of Kikuyo, the place Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chip foundry, determined to assemble its second plant in Japan — business and industrial land costs logged the steepest will increase of all such plots within the nation within the ministry survey as of July 1, launched Tuesday.

Expectations for development in demand for semiconductors, that are broadly utilized in vehicles, smartphones and different merchandise, additionally led to the acquisition of land plots to construct large-scale logistics services, pushing up costs in areas with easy accessibility to airports and expressways.