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Industry

Semiconductor, battery direct refund scheme in focus ahead of July tax reform plan

A proposed direct refund scheme that would pay out semiconductor and battery investment tax credits in cash has emerged as a key issue ahead of the government’s late-July tax reform plan. South Korea largely relies on corporate tax credits that only apply when companies owe tax, limiting benefits for firms in early loss-making years. Industry groups say this can delay investment and call for U.S.-style refunds. Fiscal authorities are reviewing possible revenue losses.

Industry

Micron breaks ground on $9.3 billion HBM plant expansion in Hiroshima, Japan

Micron Technology is building a $9.3 billion next-generation memory semiconductor plant in Hiroshima, Japan, to expand production of high-bandwidth memory for AI. It plans to start mass production from summer 2028. Japan’s Ministry of Economy, Trade and Industry will support the project with up to 500 billion yen. The move comes as demand for HBM surges and competition intensifies among SK hynix, Samsung Electronics and Micron.

Telecommunications & Media

NTT to triple Japan data centre capacity by 2033, targeting urban sites and subsea cable links

Japan\'s NTT will expand domestic data centre capacity to more than three times its current size by 2033 to meet surging AI demand. It plans to raise power capacity from 300 megawatts in fiscal 2024 to about 1 gigawatt in fiscal 2033. The strategy includes distributing new sites nationwide, linking them with high-speed networks, investing in liquid-immersion cooling and building facilities connected directly to subsea cables.