Micron to Get $320 Million From Japan to Make Advanced Chips (2)

Japan will subsidize US memory maker Micron Technology Inc.’s push to produce its new advanced chips in Hiroshima, as the tech sector braces for a collapse in demand.

Japan’s Ministry of Economy, Trade and Industry said it would provide as much as 46.5 billion yen ($320 million) to Micron to help it mass produce cutting-edge memory chips at facilities in Hiroshima in western Japan. Micron had said its investments would hinge in part on the amount of the local government’s support.

The Boise, Idaho-based chipmaker said it will begin producing the new chips -- which will have double the ...