Japan allocates $1.2 billion subsidy to Micron’s Hiroshima chip plant

TOKYO – Japan’s Ministry of Economy, Trade and Industry is allocating up to 192 billion yen ($1.29 billion) in subsidies for U.S. chipmaker Micron Technology’s work in Hiroshima Prefecture, Nikkei has learned. in a move to bolster domestic semiconductor supply chains.

Micron aims to mass produce advanced DRAM memory chips around 2026 on new production lines to be built at its factory in the city of Higashihiroshima.