Japan to Provide 192 Billion Yen Support for Micron Technology’s Hiroshima Plant

Japanese Government to Provide 192 Billion Yen Support to Micron Technology’s Hiroshima Plant

TOKYO – In a post-Cabinet conference held on October 3, Economy, Trade and Industry Minister Yasutoshi Nishimura announced a crucial decision made by Japan. The country has resolved to extend support of up to 192 billion yen to Micron Technology’s plant in Hiroshima. This move aims to bolster the plant’s capacity to develop and manufacture cutting-edge semiconductor memory, primarily for application in artificial intelligence (AI) and autonomous driving. Notably, the support package includes 25 billion yen for development purposes and 167 billion yen for production.

Minister Nishimura highlighted the significance of making solid investments in areas expected to witness increased demand in the future. He emphasized the government’s intent to secure a stable supply of semiconductors that will be indispensable in the future.

This decision reflects Japan’s commitment to strengthening its technological capabilities and fostering innovation. By providing substantial financial assistance, the government aims to propel the growth of the semiconductor industry and position Japan as a key player in the global AI and autonomous driving markets.

As the nation takes this forward-looking step towards technological advancement, global stakeholders will closely watch the progress and impact of this support initiative.

Our Standards: The Thomson Reuters Trust Principles.

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

TOKYO (Reuters) – Economy, Trade and Industry Minister 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 the Hiroshima Micron Technology ( MU.O ) plant. The plan is to develop and produce advanced semiconductor memory for use in productive 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 said that it is important to make solid investments in areas where demand is expected to increase in the future, and he expressed his intention to aim for the acquisition of stable semiconductors that will be needed in the future. future.

Our Standards: The Thomson Reuters Trust Principles.

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