News

Japanese Government Provides Aid to Micron Technology’s Memory Chip Project

1 Mins read

The Japanese government has announced that it will offer financial assistance of up to 192.0 billion yen ($1.28 billion) to support Micron Technology’s memory chip project at its Hiroshima plant. This aid is part of a broader effort to ensure a stable supply of semiconductors.

According to Yasutoshi Nishimura, the Minister of Economy, Trade and Industry, this funding will be allocated for the development and production of memory chips by Micron. These chips, manufactured using cutting-edge technology, will be utilized in various industries such as generative AI, data centers, and self-driving vehicles.

Nishimura emphasized the significance of this investment during a downturn in the industry, noting that the demand for these applications is expected to increase in the future.

Micron had previously announced its own investment of approximately $3.6 billion in advanced memory chip manufacturing in Japan, with support from the Japanese government.

As part of their expansion plans, Micron intends to acquire and install state-of-the-art chip-making machinery known as EUV lithography equipment at their Hiroshima factory.

Related posts
News

Ethereum and Chainlink Whales Accumulate MAGACOIN FINANCE Before 2025 Breakout

2 Mins read
Whale moves are shaping the crypto market once again, with massive purchases sparking new debates about which assets will dominate the next…
News

Nvidia gives lukewarm forecast, stoking fears of AI slowdown - The Boston Globe

2 Mins read
President Trump said that philanthropist George Soros and his son should be charged with racketeering for allegedly supporting violent protests “and much…
News

Bitcoin Slides as Investors Hope For Bullish Price Action - Tekedia

2 Mins read
Bitcoin has continued to extend its losing streak on Tuesday. According to CoinDesk data, the world’s largest digital asset dropped 2.6% in…

Leave a Reply

Your email address will not be published. Required fields are marked *