Micron Technology Stock Experiences Thursday Turmoil
Micron Technology is set to receive close to $1.51 billion in financial incentives from the Japanese government to ramp up DRAM chip production in the country. The company plans to launch extreme ultraviolet (EUV) technology in Japan to manufacture its next generation of DRAM, the 1-gamma (1γ) node, and expects to invest up to $3.78 billion in 1-gamma process technology over the next few years. Micron's move marks Japan's progress towards consolidating its semiconductor supply chain, which fell apart during the pandemic leading to a severe chip crisis for electronic gadgets and automobiles.