Japan extends subsidies to downturn-hit Kioxia and Western Digital
The industry ministry said on Tuesday it would extend subsidies worth as much as ¥242.9 billion ($1.64 billion) for Bain Capital-backed Kioxia and Western Digital to expand memory chip production in Mie and Iwate prefectures. The funding provides underpinning for the two companies, which have been hammered by a slump in the market for NAND … Read more
