Micron-Japan Deal Counters China ‘Coercion,’ Rahm Emanuel Says
- US envoy to Japan says Micron agreement sets new precedent
- China ‘coercion’ to feature in G-7 talks this weekend: Emanuel
Rahm Emanuel
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Micron Technology Inc.’s deal with Japan for financial aid to make next-generation memory chips sets a precedent for countering Chinese “coercion,” according to US Ambassador Rahm Emanuel.
The agreement, which Bloomberg reported would amount to about ¥200 billion ($1.5 billion) in incentives from Japan, has a “component of confronting China’s coercion and saying that America and Japan will act in unison to help us secure our supply chain and help companies that are targeted by China’s coercion,” Emanuel told Bloomberg Television on Friday in Hiroshima, where leaders are gathering for the Group of Seven summit.