Japan grants Micron Technology $320 million to boost chip production in Hiroshima

Japan will support U.S. chipmaker Micron Technology with up to 46.5 billion yen ($320 million) to build advanced memory chips at its Hiroshima plant.

The financial aid follows U.S. Vice President Kamala Harris’ visit to Japan and is the latest example of the growing partnership between Washington and Tokyo in building the chip industry amid rising tensions with China.

In July, Japan said it provided 92.9 billion yen to U.S.-based Western Digital Corp. and its local partner Kioxia Holdings to increase memory chip capacity at its Japanese plant.

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