Micron Technology Commits $3.6 Billion for Memory Chip Production
In Brief
The organization is pouring $3.6 billion into Japan to manufacture state-of-the-art memory chips.
Micron Technology is investing a substantial $3.6 billion in the production of advanced memory chips in Japan, with support from the Japanese authorities.
In Hiroshima, Japan, a group of seven affluent nations, referred to as the G7, is convening to deliberate on future diplomatic relations. As part of this agreement, Micron is expected to innovate a cutting-edge memory chip by 2025. This agreement comes amidst escalating tensions between the U.S. and China regarding semiconductor technology.
The United States has enacted multiple restrictions aimed at hindering China's ascent as a leading semiconductor manufacturer, essential for advancements in technology and defense. Additionally, Micron has found itself entangled in these disputes, with Beijing initiating a cybersecurity review that could lead to the company being banned from the Chinese market.
Micron Plans are in motion to acquire and set up advanced lithography machinery, specifically Extreme Ultraviolet (EUV) lithography, at its Hiroshima facility in Japan; this will mark the first acquisition of its kind in the country. These sophisticated machines are crucial for crafting minuscule chips and are essential for pushing the boundaries of chip technology. ASML, the sole supplier of this equipment based in the Netherlands, prices these machines at over a billion dollars.
The Japanese government is actively fostering the expansion of its semiconductor industry. Micron aims to produce top-tier chips in the region as a part of this effort. Japan and Taiwan .
Other industry players are also enhancing their footprint in Japan. Taiwan Semiconductor Manufacturing Company has revealed an investment plan of $8 billion to expand its operations in Japan, while Western Digital and Kioxia have committed to supporting the development of Japan's largest semiconductor facility during their meeting in Tokyo last July.
Last year, a new semiconductor firm was established in Japan, receiving backing from prominent local tech companies to bolster the nation’s semiconductor sector. Rapidus The company is investing $4 billion into Web3 development, having partnered with Accenture and Astar Foundation to launch a blockchain-centric venture in 2023.
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In line with the Trust Project guidelines Nik is an adept analyst and content creator at Metaverse Post, focusing on providing insightful perspectives in the briskly evolving tech realm, particularly spotlighting AI/ML, XR, VR, on-chain analytics, and blockchain development. Through his writing, he captivates and informs a diverse audience, enabling them to stay at the forefront of technological advancements. With a Master’s degree in Economics and Management, Nik possesses a profound understanding of the complexities of the corporate landscape and its intersection with emerging technologies.
