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Taiwan's largest bank supports tech sector with new Japan office



The Bank of Taiwan, the country's largest lender, is set to open a representative office in Fukuoka, Japan, on March 22, aligning with the Taiwanese semiconductor industry's expansion into Japan, notably led by TSMC. Chairman Lyu Jye-cherng emphasized the bank's support for the semiconductor sector and its strategy to offer comprehensive services to Taiwanese IC suppliers in Japan. The move aims to leverage the bank's domestic and offshore business units and international branches to support Taiwan’s high-tech sector abroad. With existing ties to major Japanese banks and a branch in Tokyo, the Bank of Taiwan aims to enhance its service offerings through these partnerships. The expansion follows TSMC's announcement of a second wafer fab in Kumamoto, reflecting the growing Taiwanese banking interest in the Japanese market.

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