Micron to build $7 billion plant in Japan's Hiroshima - report

Asia's Tech News Daily

TOKYO (Reuters) – U.S. chip supplier Micron Technology Inc is set to invest 800 billion yen ($6.99 billion) in building a new factory in Hiroshima, western Japan, the Nikkan Kogyo newspaper reported on Wednesday.

© Reuters/Stephen Nellis FILE PHOTO: Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco

Micron’s plant is likely to specialise in DRAM memory chips which are widely used in data centers, and is due to start operating by 2024, it said.

The report comes as strong demand from automakers and tech companies have contributed to a severe global chip shortage. Taiwan chip giant TSMC announced plans last week to build a plant in Japan, and media reports have said the Japanese government was ready to help pay for its investment.

($1 = 114.5100 yen)

(Reporting by Tokyo Newsroom; Editing by Rashmi Aich)

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