(Bloomberg) — Japan’s government approved as much as ¥192 billion ($1.3 billion) in subsidies for Micron Technology Inc.’s Hiroshima factory, part of Tokyo’s efforts to bolster next-generation chip production at home.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey SaysBig
Japan’s government approved as much as ¥192 billion ($1.3 billion) in subsidies for Micron Technology Inc.’s Hiroshima factory, part of Tokyo’s efforts to bolster next-generation chip production at home.
The subsidies will help the Boise, Idaho-based company install Dutch firm ASML Holding NV’s extreme ultraviolet lithography equipment to make advanced chips, Economy Minister Yasutoshi Nishimura said Tuesday.
