Powerchip and Japanese financial firm SBI Holdings (8473.T) earlier this month said they aim to attract government subsidies to build the plant amid a wave of investment in Japan aimed at boosting its chip manufacturing capabilities. "I think about five to seven years... it depends on the business," Joe Wu, President of PSMC Japan, told Reuters when asked about the timing for a potential listing. Powerchip said it sees scope for additional foundry capacity in Japan, which has seen a lack of investment. The Taiwanese firm previously set up a joint venture in China to build a chip factory which listed in Shanghai this year. Powerchip and SBI hope to attract additional funds for the Japan business and are targeting chip industry customers and financial investors as potential backers, Wu said.

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Persons: Powerchip, Joe Wu, Wu, Sam Nussey, Miho Uranaka, Elaine Hardcastle Organizations: Powerchip Semiconductor Manufacturing Corp, SBI Holdings, Reuters, Companies, Renesas Electronics, Mitsubishi Electric, Taiwan Semiconductor Manufacturing, Sony Group, Denso Corp, Powerchip, Thomson Locations: TOKYO, Taiwan, Japan, Kyushu, China, Shanghai