Japan to pay up to $320M for UnitedStates business’s chip production

Japan to pay up to $320M for UnitedStates business’s chip production

TOKYO — Japan is supplying a significant U.S. chipmaker a aid of up to 46.6 billion yen ($322 million) to assistance its strategy to produce sophisticated memory chips at a Hiroshima factory, the Japanese trade minister stated Friday.

The statement to support Micron Technology comes on the heels of U.S. Vice President Kamala Harris’ checkout in Japan as the 2 nations action up cooperation on broadening making and supply chains for crucial products.

“I hope the offer will contribute to evenmore growth of cooperation inbetween Japan and the United States in the location of semiconductors,” Japan’s Economy and Trade Minister Yasutoshi Nishimura stated.

He stated the federalgovernment authorized the offer Friday under a law associated to financial security.

During her journey to Asia this week, Harris satisfied

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