US memory chip manufacturers Micron Technology will construct an 800 billion DRAM facility in the western Japanese prefecture of Hiroshima.
The 800 billion yen ($6.98 billion) new factory will be constructed at Micron Technology Inc.’s Japanese production facility in Hiroshima. Micron Technology Inc. is a U.S.-based manufacturer of memory chips and data storage devices. Among other things, the new plant will make DRAM chips.
Micron Technology Inc., the largest memory chip manufacturer in the United States, would buy land close to existing operations in Higashihiroshima, a university town in the Hiroshima prefecture in Western Japan. The facility is anticipated to cost between 600 billion and 800 billion yen, with some funding reportedly coming from the Japanese government.
In response to a global scarcity of semiconductor chips and worries that the country has lost its competitive edge in the sector, Japan’s Ministry of Economy, Trade, and Industry declared in June that it would approach expansion in the semiconductor industry as a “national project.”
By 2024, Micron’s next facility will be operational and ready to service the medium- to long-term demand for DRAMs in data centres and other applications. Around 2,000 to 3,000 new jobs, including those at business partners, are anticipated to be generated by the facility.