Micron Technology Inc said on Wednesday it plans to invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology over the next few years with support from the Japanese government.
Prime Minister Fumio Kishida said he welcomed and expected more investment from global chipmakers in Japan, which is striving to revive its chip sector, after meeting top executives on Thursday before a Group of Seven summit.
British chipmaker Arm Ltd is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its Initial Public Offering (IPO) later this year, the Financial Times reported on Sunday.
Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used to make cutting-edge semiconductors.
ASML Holding NV beat first-quarter earnings forecasts on Wednesday on continued strong demand for its chip making equipment, but noted some signs of caution among customers.