TOKYO (Reuters) -- Japan's government on Tuesday said it will provide as much as 92.9 billion yen ($680 million) to Kioxia Holdings and Western Digital Corp. to help them boost production and ensure a stable supply of memory chips in Japan.
The subsidy is part of a broader effort to revive chip production in Japan, as tensions between China and the United States and COVID-19 pandemic disruptions spur concern that Japanese companies such as automaker Toyota Motor could be hobbled by semiconductor shortages.
