Technology

Art

First reported by en.bloomingbit.io

Micron Commits $10 Billion to Hiroshima as Memory Makers Ramp Up AI Chip Capacity

Japan provides $3.1 billion in subsidies for Micron's $9.3 billion Hiroshima chip plant expansion

Opeyemi Babalola

2h ago· 5 min readenNews

technology business

Summary

Micron Technology has broken ground on a ¥1.5 trillion ($9.3 billion) expansion of its memory chip plant in Hiroshima, Japan. The Japanese government, through its Ministry of Economy, Trade and Industry, is providing up to ¥500 billion ($3.1 billion) in subsidies — an unusually large public contribution even by chip industry standards. The investment comes just two trading days after Micron's stock experienced its sharpest decline since the start of the AI rally, adding a note of tension to the otherwise celebratory announcement.

Source

bskyJapan provides $3.1 billion in subsidies for Micron's $9.3 billion Hiroshima chip plant expansionbit.ly

Key quotes

· 3 pulled

Micron Technology (MU) broke ground Saturday on a ¥1.5 trillion, or $9.3 billion, expansion of its memory chip plant in Hiroshima, Japan

Japan's government is absorbing a meaningful share of the bill, unusual even for an industry used to public subsidies.

Japan's Ministry of Economy, Trade and Industry will provide up to ¥500 billion, or about $3.1 billion, toward the project

Snippet from the RSS feed

Micron Technology (MU) broke ground Saturday on a ¥1.5 trillion, or $9.3 billion, expansion of its memory chip plant in Hiroshima, Japan, according to a Bloomberg report.

You might also wanna read

Micron to Invest 14 Trillion Won in Japan's Hiroshima to Expand AI Memory Output

Seoul Economic Daily·3h ago

Micron Commits $10 Billion to Hiroshima as Memory Makers Ramp Up AI Chip Capacity

en.bloomingbit.io·1d ago

SK hynix to invest over $60 billion in chip plants in South Korea, but the memory crisis still seems a long way from being over

PC Gamer·2d ago

TSMC to Manufacture Advanced 3-Nanometer AI Chips in Japan

TSMC, the world's largest contract chipmaker, announced it will manufacture advanced 3-nanometer semiconductors in Japan to meet booming AI

apnews.com·4mo ago

Infineon opens €5 billion chip plant in Dresden as EU pushes for semiconductor independence

German semiconductor company Infineon opened a €5 billion microchip plant in Dresden three months ahead of schedule, marking a key milestone

rfi.fr·3d ago

Infineon opens €5 billion chip plant in Dresden as EU pushes for semiconductor independence

German semiconductor company Infineon opened a €5 billion microchip plant in Dresden three months ahead of schedule, marking a key milestone

rfi.fr·3d ago

SK hynix, Samsung, Micron among semiconductor industry group lobbying against government intervention on domestic memory chip supply — says move would worsen situation, suggests tax deductions on consumer electronics instead

Tom's Hardware·2d ago

Comments

No comments yet. Be the first.