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Live news updates from May 18: Chipmakers signal Japan expansion plans, Walmart exceeds forecasts

From left: Intel chief Patrick Gelsinger, Japanese economic minister Yasutoshi Nishimura, Japanese prime minister Fumio Kishida, TSMC chair Mark Liu and Micron chief Sanjay Mehrotra on Thursday © Bloomberg

Three of the world’s biggest semiconductor makers have signalled plans to expand in Japan, as the industry realigns amid tensions between China and the west.

Micron said it expected to invest up to ¥500bn ($3.6bn), including Japanese subsidies, to produce cutting-edge extreme ultraviolet lithography technology in Hiroshima.

South Korea’s Samsung Electronics plans to invest in a new research and development centre in Japan, according to Yasutoshi Nishimura, Japanese economy minister.

Taiwan Semiconductor Manufacturing Company, the world’s biggest chip contractor, also expressed willingness to expand in the country.

The plans were unveiled 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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