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Micron to build $7 bln plant in Japan’s Hiroshima – report

Mark White by Mark White
October 20, 2021
in Suppliers
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Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis

TOKYO, Oct 20 (Reuters) – U.S. chip supplier Micron Technology Inc (MU.O) 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.

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 (2330.TW) 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

Our Standards: The Thomson Reuters Trust Principles.



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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