Japan to reportedly invest $1.3B in Micron's chip plant - Breaking The News

Japan to reportedly invest $1.3B in Micron's chip plant

29 September

1 min read

EPA/DAVID CHANG

Japan Ministry of Economy, Trade and Industry will invest up to ¥192 billion ($1.29 billion) in American chipmaker Micron Technology, Nikkei Asia reported on Friday. The investment is set to boost local semiconductor supply chains.

As part of the investment, the chipmaker is ready to install extreme ultraviolet (EUV) exposure equipment required to shape the circuits of semiconductors. Besides, Micron is expected to mass-produce advanced DRAM memory chips by 2026.

In addition to the ¥46.5 billion that the ministry had already decided to give in subsidies, a larger budget of ¥2 trillion over two years will be allocated for chip-related investments.

semiconductor chip micron chipmakers

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