[TSMC's "Japan's Second Plant" surfaced: Larger investment scale and more advanced process] The long-rumored TSMC's "Japan's second Plant" in the market has finally emerged with more detailed information. In the background of this investment, TSMC announced at the end of 2021 that it would invest in the construction of Nichiji Electronics in Japan, while selling a nearly 20% stake in the Japanese plant to SONY Semiconductor for nearly $500 million. The plant in Kumamoto Prefecture started construction last year and is expected to start production by the end of 2024. The scale of the project investment is about 1.2 trillion yen, and the Japanese government will subsidize nearly half of it.