Micron poised to get $1.5 bln from Japan for next-gen chips Bloomberg News

News Snapshot:

May 17 (Reuters) - Micron Technology Inc (MU.O) is poised to get about 200 billion yen ($1.48 billion) in financial incentives from Japan to help it make next-generation memory chips in the country, Bloomberg News reported on Wednesday, citing people familiar with the matter. The funding is likely to be announced when Japanese Prime Minister Fumio Kishida meets a delegation of executives from chipmakers on Thursday, the report said. Japan has been striving to reinvigorate its chip sector, whose global market share has fallen to about 10% from around 50% in the late 1980s, while the United States is increasingly...