Sony and TSMC attempt to address chip shortages with a factory in Japan

The rumors of a Sony-TSMC chipmaking partnership were true. Nikkei reports Sony and TSMC are teaming up to build a semiconductor factory in Kumamoto, Japan that would tackle "strong global market demand" for specialized chips. That is, it would address chip shortages that have plagued everyone from car makers through to phone brands. The deal has TSMC creating a local subsidiary, Japan Advanced Semiconductor Manufacturing, where Sony will have a minority stake of roughly $500 million.