Micron Secured $321 Million Government Subsidies in Japan

Micron Secured $321 Million Government Subsidies in Japan

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Micron will benefit from a Japanese push to bolster its semiconductor sector. The government decided to fund the company with a JPY46.5 billion ($321.9 million) subsidy to boost production at the US company’s plants in the country.

The chipmaker plans to use the subsidy to increase production capacity for 1-beta DRAM employed in 5G and AI technologies, along with data centers. Micron EVP of global operations Manish Bhatia stated the company is a longstanding industry partner in Japan’s push to grow and advance semiconductor production and innovation.

The Japanese government already backed a move by TSMC and Sony to construct a new chip factory in the nation. Japan’s plan is also connected to a similar move by the US, as each nation seeks to reduce reliance on Chinese suppliers.

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