Japan Advanced Semiconductor Manufacturing, Inc. announced that it will raise not more than $5.262 billion in a round of funding on February 6, 2024. The company issue common shares in the transaction. The transaction will happen in tranches.

This has been approved in the board of directors of the investor?s company. The transaction includes participation from new investors Toyota Motor Corporation for 2% stake, Sony Semiconductor Solutions Corporation for 6% stake, returning investors DENSO Corporation for 5.5% stake and Taiwan Semiconductor Manufacturing Company Limited for 86.5% stake in the company. The transaction is subject to the satisfaction of customary closing conditions.