Japan allocates $1.2bn subsidy for Micron's Hiroshima chip plant

Tokyo ratchets up financial support for U.S. chipmaker to bolster supply chains

20230929 Micron file photo

Micron Technology's semiconductor plant in Higashihiroshima City.  (Photo by Ryosuke Eguchi)

Nikkei staff writers

TOKYO -- Japan's Ministry of Economy, TradeĀ 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 is aiming to mass-produce advanced DRAM memory chips by around 2026 on new production lines to be built at its factory in Higashihiroshima City.

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