Micron, Probed by China, to Get $1.5 Billion Funds From Japan for Next-Gen Chips
- Hiroshima to make chips with what Micron calls one-gamma tech
- Investment part of G-7 effort to strengthen chip supply chain
Micron Technology Inc. is poised to land about ¥200 billion ($1.5 billion) in financial incentives from the Japanese government to help it make next-generation memory chips in the country, according to people familiar with the matter, the latest step in Tokyo’s effort to bolster domestic semiconductor production.
The US company will use the money as part of its plan to install advanced, EUV chipmaking equipment from ASML Holding NV at its facility in Hiroshima to fabricate DRAM chips, said the people, asking not to be identified because the agreement isn’t public. Micron on Thursday confirmed it would invest as much as ¥500 billion in Japan, as Prime Minister Fumio Kishida met with a delegation of chip executives, including Micron Chief Executive Officer Sanjay Mehrotra.