The Ministry of Economy, Trade and Industry said it plans to provide up to ¥60 billion in subsidies for a new smartphone image sensor plant that Sony Group Corporation is building in Koshi City, Kumamoto Prefecture. The subsidy will be provided under the Economic Security Promotion Act.
The Ministry of Economy, Trade and Industry said it plans to provide Sony Group Corporation with up to ¥60 billion in subsidies under the Economic Security Promotion Act for a new image sensor plant under construction in Koshi City, Kumamoto Prefecture.
The plant is being built by Sony Group Corporation to produce smartphone image sensors, with the subsidy capped at ¥60 billion.
The article notes that image sensors are used in autonomous driving and smartphones, and reports that the subsidy is intended to help secure a stable supply chain and critical technologies.