TOKYO/TAIPEI/MUMBAI — Taiwan's Powerchip Semiconductor Manufacturing Corp. (PSMC) is abandoning plans for a Japanese chip plant as it shifts its focus to technology partnerships in India that will put less strain on its finances.
PSMC has told SBI Holding, a Japanese financial services group, that it does not want to take on the risks associated with the Japan project. The two companies will end their partnership to build a facility in northeastern Japan's Miyagi prefecture.