Toshiba to invest in Rohm's new power chip plant in Japan's Miyazaki -sources

TOKYO (Reuters) - Japan’s Toshiba plans to invest in Rohm’s new plant in southern Japan to produce power management chips, two sources with knowledge of the matter said on Thursday.

It was not immediately clear how much Toshiba was planning to invest. However, it marks the two Japanese companies’ first joint project since Rohm decided to invest a total of 300 billion yen ($2 billion) to join a $14 billion buyout of Toshiba.

The project would receive subsidies of about 120 billion yen to 130 billion yen from the Japanese government designed to help promote the domestic semiconductor industry, said the sources, who declined to be identified as the matter is private.

(Reporting by Miho Uranaka and Makiko Yamazaki; Editing by David Dolan)