(PR) Kioxia and WD's JV to Receive Up To 92.9 Billion Yen Government Subsidy for Yokkaichi Fab7

See the full post here ➡️ https://www.techpowerup.com/297203/kioxia-and-wds-jv-to-receive-up-to-92-9-billion-yen-government-subsidy-for-yokkaichi-fab7

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Kioxia Corporation and Western Digital Corporation announced today that their joint venture Fab 7 manufacturing facility at Yokkaichi Plant has been approved to receive up to 92.9 billion yen subsidy from the Japanese government. The subsidy will be granted under a designated government program aimed at facilitating corporate investment in cutting-edge semiconductor production facilities and securing stable production of semiconductors in Japan.

Leveraging their 20-year joint venture partnership, Kioxia and Western Digital will continue to accelerate the development and production of cutting-edge flash memory at the Yokkaichi Plant, the largest semiconductor plant in Japan. In addition, the two companies will contribute to the development of semiconductor-related industries and talent.

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