Japan invests $13.4bn in domestic semiconductor industry - Tokyo subsidises construction of Micron, TSMC, Kioxia and Western Digital fabs

The Japanese authorities want to revive the domestic semiconductor industry. For this purpose, the Ministry of Economy, Trade and Industry has prepared more than $13bn.

Here's What We Know

According to Nikkei, the authorities of the Land of the Rising Sun are ready to invest about $13.4 billion over two years. The US company Micron Technology and Taiwanese giant TSMC will receive the most.

Micron wants to modernise its existing plant in Hiroshima. The American company is ready to invest approximately $3.35 billion, and financial support from the Japanese government will be $1.29 billion. Here the firm wants to organise the production of the most modern DRAM memory chips by 2026.

Taiwanese company TSMC will receive $3.2bn. It has a facility in the west of the Land of the Rising Sun. Another $615m budget will go to Kioxia and Western Digital, which have a joint venture in Mie Prefecture.

Source: Nikkei Asia