Japan is providing a major U.S. chipmaker a subsidy of up to 46.6 billion yen ($322 million) to support its plan to produce advanced memory chips at a Hiroshima factory, the Japanese trade minister said Friday.
The announcement to subsidize Micron Technology comes on the heels of U.S. Vice President Kamala Harris' visit in Japan as the two countries step up cooperation on expanding manufacturing and supply chains for critical materials.
