Stock Market News

Micron poised to get $1.5 billion from Japan for next-gen chips – Bloomberg News

2023.05.17 21:33


© Reuters. FILE PHOTO: A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Micron Technology Inc (NASDAQ:) is poised to get about 200 billion yen ($1.48 billion) in financial incentives from Japan to help it make next-generation memory chips in the country, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The funding is likely to be announced when Japanese Prime Minister Fumio Kishida meets a delegation of executives from chipmakers on Thursday, the report said.

Japan has been striving to reinvigorate its chip sector, whose global market share has fallen to about 10% from around 50% in the late 1980s, while the United States is increasingly urging its allies to work together to counter China’s chips and advanced technology development.

Micron will use the funding to install advanced, extreme ultraviolet (EUV) chipmaking equipment from ASML Holding (NASDAQ:) NV at its Hiroshima facility to fabricate DRAM chips, the report said.

DRAM chips are memory chips that lose the memory when the power is off.

Micron is also expected to contribute its own capital to the Hiroshima expansion with some support from the city, Bloomberg added.

Micron, ASML and Japan’s Ministry of Economy, Trade and Industry did not immediately respond to Reuters requests for comment.

($1 = 135.0500 yen)

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 82,337.06 2.20%
ethereum
Ethereum (ETH) $ 1,914.86 1.26%
tether
Tether (USDT) $ 0.999973 0.02%
xrp
XRP (XRP) $ 2.27 3.32%
bnb
BNB (BNB) $ 630.19 0.25%
solana
Solana (SOL) $ 124.70 3.34%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.695768 3.55%
dogecoin
Dogecoin (DOGE) $ 0.167027 4.26%
tron
TRON (TRX) $ 0.238455 8.07%
staked-ether
Lido Staked Ether (STETH) $ 1,912.80 1.21%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,185.02 1.98%
leo-token
LEO Token (LEO) $ 9.75 0.47%
the-open-network
Toncoin (TON) $ 3.57 2.96%
chainlink
Chainlink (LINK) $ 13.63 3.55%
usds
USDS (USDS) $ 1.00 0.01%
stellar
Stellar (XLM) $ 0.271229 0.76%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,288.39 1.57%
hedera-hashgraph
Hedera (HBAR) $ 0.185906 3.06%
pi-network
Pi Network (PI) $ 1.13 14.87%
avalanche-2
Avalanche (AVAX) $ 18.63 1.38%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 4.23%
sui
Sui (SUI) $ 2.27 4.43%
mantra-dao
MANTRA (OM) $ 6.94 0.90%
litecoin
Litecoin (LTC) $ 89.01 4.36%
polkadot
Polkadot (DOT) $ 4.42 0.36%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.97 1.05%
bitget-token
Bitget Token (BGB) $ 4.64 4.39%
ethena-usde
Ethena USDe (USDE) $ 0.999593 0.04%
weth
WETH (WETH) $ 1,914.96 1.18%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999809 0.03%
hyperliquid
Hyperliquid (HYPE) $ 13.73 1.92%
whitebit
WhiteBIT Coin (WBT) $ 28.13 1.35%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,035.17 1.10%
monero
Monero (XMR) $ 208.26 1.67%
uniswap
Uniswap (UNI) $ 6.29 0.81%
susds
sUSDS (SUSDS) $ 1.04 0.13%
aptos
Aptos (APT) $ 5.33 0.87%
dai
Dai (DAI) $ 0.99985 0.02%
okb
OKB (OKB) $ 50.80 0.01%
near
NEAR Protocol (NEAR) $ 2.54 4.63%
pepe
Pepe (PEPE) $ 0.000007 7.18%
internet-computer
Internet Computer (ICP) $ 5.77 3.33%
mantle
Mantle (MNT) $ 0.807268 1.23%
gatechain-token
Gate (GT) $ 21.88 0.34%
ethereum-classic
Ethereum Classic (ETC) $ 17.46 2.88%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.90 1.94%
ondo-finance
Ondo (ONDO) $ 0.828374 4.58%
aave
Aave (AAVE) $ 168.56 4.30%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,314.05 2.20%