Japan is providing additional subsidies of up to 192 billion yen ($1.3 billion) for Micron Technology’s chip plant in Hiroshima Prefecture. This is in addition to the previous aid of up to 46.5 billion yen and is part of Japan’s efforts to strengthen its chip supply chain. The country is taking these measures to ensure a stable supply of chips, especially with the increasing tensions between the United States and China posing a threat to its economic security.
Micron plans to invest up to 500 billion yen in Japan in the coming years and will be the first chipmaker to introduce advanced semiconductor manufacturing equipment in Japan. They are expected to start mass production of next-generation chips in 2026.
Japan is also providing financial support to other chip companies. They are offering up to 476 billion yen to Taiwan Semiconductor Manufacturing Co.’s new factory in Kumamoto Prefecture and up to 92.9 billion yen in subsidies to domestic chipmaker Kioxia Corp.
The Economy, Trade and Industry Minister, Yasutoshi Nishimura, emphasized the importance of making investments in areas where there is expected to be an increase in demand.
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