Japan To Provide $1.3 Billion In Extra Aid To US Chipmaker Micron

In a move to strengthen its chip supply chain, Japan announced it will provide up to $1.3 billion in additional subsidies for U.S. chipmaker Micron Technology's plant in Hiroshima Prefecture. The Japan Times reports: The move, which comes on top of the up to 46.5 billion yen aid announced earlier, adds to Japan's efforts to ensure a stable supply of chips at a time when rising tensions between the United States and China are increasingly posing a threat to its economic security. Micron has said it plans to invest up to 500 billion yen in Japan in the next few years and will become the first chipmaker to introduce extreme ultraviolet lithography machines -- state-of-the-art equipment for manufacturing advanced semiconductors -- in Japan. The company is slated to start mass production of next-generation 1-gamma dynamic random access memory chips in 2026.

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