Japan to Give Micron Technology $1.28 Billion Aid for Chip Project at Hiroshima Plant
03 October 2023 - 5:37PM
Dow Jones News
By Kosaku Narioka
The Japanese government will give an aid of over a billion
dollars to Micron Technology's memory chip project at its Hiroshima
plant, the country's trade minister said, as part of efforts to
ensure stable supply of semiconductors.
The government has approved financial support of up to 192.0
billion yen ($1.28 billion) for the development and production of
memory chips by Micron at the plant, Yasutoshi Nishimura, the
Minister of Economy, Trade and Industry, said Tuesday.
Produced with the latest technology, the chips will be used for
generative AI, data centers and self-driving, Nishimura said,
adding that it was important to make the investment at a time of an
industry downturn as demand for such applications is expected to
increase going forward.
Micron had in May said that it would invest around $3.6 billion
in advanced memory-chip making in Japan, aided by support from the
Japanese government.
The U.S. chip maker plans to purchase and install some of the
most advanced chip-making machinery, called the EUV lithography
equipment, at its factory in Hiroshima.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
October 03, 2023 02:22 ET (06:22 GMT)
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