Japan will provide up to 192 billion yen ($1.3 billion) in additional subsidies for U.S. chipmaker Micron Technology Inc.’s plant in Hiroshima Prefecture, Kyodo News reported, as the country seeks to bolster its supply chain. chip.
The move, which comes on top of previously announced aid of up to 46.5 billion yen, adds to Japan’s efforts to ensure a stable supply of chips at a time when rising tensions between the United States and China increasingly pose a threat. threat to their economic security.
Micron has said it plans to invest up to 500 billion yen in Japan in the coming years and will become the first chipmaker to introduce extreme ultraviolet lithography machines – cutting-edge equipment for making advanced semiconductors – in Japan.
Bolivian dances dazzle at the Sumida Festival in Japan
The company plans to start mass production of new generation 1-gamma dynamic random access memory chips in 2026.
Micron is not the only chip company receiving financial help from Japan.
The country has decided to contribute up to 476 billion yen to the Taiwan Semiconductor Manufacturing Co. factory to be built in Kumamoto prefecture, southwestern Japan. It will also subsidize domestic chipmaker Kioxia Corp. with 92.9 billion yen.
The Minister of Economy, Trade and Industry, Yasutoshi Nishimura, declared at a press conference that “it is important to invest” in areas where an increase in demand is expected.