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Published 1 year ago

Japan to give Micron Tech up to $320 mln to boost Hiroshima chip output

Summary by Ground News
Micron Technology Inc. shares MU, -1.94% perked up in premarket trade Friday. Japan will give the company a subsidy of up to 46.5 billion yen ($320 million) to make advanced memory chips at its Hiroshima plant. The news comes after Micron late Thursday posted quarterly earnings that included a forecast for a loss.

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