Japan’s Support of 192 Billion Yen to Micron Technology’s Hiroshima Factory for Cutting-Edge Semiconductor Memory and AI Development

Minister of Economy, Trade and Industry Yasutoshi Nishimura announced at a post-Cabinet conference on October 3 that Japan had decided to provide support of up to 192 billion yen to Micron Technology’s Hiroshima factory. Photographed in September 2020 (2023 Reuters/Kim Kyung-Hoon)

TOKYO (Reuters) – Minister of Economy, Trade and Industry Yasutoshi Nishimura announced at a post-Cabinet conference on the 3rd that Japan has decided to provide support of up to 192 billion yen to Micron Technology’s (MU.O) Hiroshima factory. The plan is to develop and produce cutting-edge semiconductor memory for use in generative AI (artificial intelligence) and autonomous driving, and will provide subsidies of 25 billion yen for development and 167 billion yen for production.

Minister of Economy, Trade and Industry Nishimura stated that “it is important to make solid investments” in areas where demand is expected to grow in the future, and expressed his intention to aim for stable procurement of semiconductors that will be needed in the future.

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2023-10-03 09:24:45
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