Japan to give Micron Technology up to $320 mln to boost chip output in Hiroshima

TOKYO: Japan will give U.S. chipmaker Micron Technology a subsidy of up to 46.5 billion yen ($320 million) so it can build advanced memory chips at its plant in Hiroshima, the trade and industry ministry said on Friday.

The financial aid announcement, which follows the visit to Japan by U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in chip manufacturing amid growing tension and an intensifying technology rivalry with China.

Japan in July said it was giving 92.9 billion yen to U.S. firm Western Digital Corp to boost flash memory chip output at a Japanese plant operated with local partner Kioxia Holdings, which was spun off from Toshiba Corp.