May. 19, 2023 /SemiMedia/ -- According to Bloomberg, Micron will receive about 200 billion yen (about $1.5 billion) in financial subsidies from the Japanese government to help it produce next-generation memory chips in Japan. This is the latest step Japan has taken to boost domestic semiconductor production.

The report pointed out that Micron will use the funds to install ASML's EUV advanced chip manufacturing equipment at its factory in Hiroshima to manufacture DRAM chips.

Bloomberg further pointed out that Micron has invested more than $13 billion in Japan since 2013, and the latest funding will help Micron produce its 1Y nm (15/16 nm) DRAM. It is reported that suppliers who will benefit from Micron's investment include Tokyo Electron and ASML.