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Micron to build $7 billion plant in Japan to expand DRAM production - report

Stock MarketsOct 20, 2021 12:46AM ET
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© Reuters. FILE PHOTO: 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 (Reuters) -U.S. memory chip maker Micron Technology Inc (NASDAQ:MU) will build a new factory at its Japanese production site in Hiroshima at a cost of 800 billion yen ($7.0 billion), the Nikkan Kogyo newspaper reported on Wednesday.

The new facility will make DRAM chips, which are widely used in data centres, with production set to begin in 2024, the report said, without citing sources.

Micron officials in Japan were not immediately available to comment.

COVID-19 pandemic stay-at-home demand for electronic devices is causing shortages of non-memory chips that has forced some manufacturers, such as automakers and smartphone makers, to curtail production. That has also reduced sales of DRAM memory chips, but some industry watchers expect demand to rebound helped by an expansion of data centres.

The report comes after chip giant Taiwan Semiconductor Manufacturing Co.(TSMC) announced plans last week to build a plant in Japan, that media reports said may be partly paid for by the Japanese government.

Japan wants to lure chipmakers to the country to ensure its companies have ready access to supplies of semiconductors necessary to keep its economy competitive.

Micron, which also produces slower, but cheaper, NAND memory chips for the data storage market, makes 300 millimetre DRAM semiconductors at its plant in Hiroshima and has a research and development facility there.

($1 = 114.5100 yen)

Micron to build $7 billion plant in Japan to expand DRAM production - report
 

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Comments (2)
Hunt Richardson
Hunt Richardson Oct 20, 2021 3:31AM ET
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why don't they do this in the United States for Pete's sake?
Brian Jensen
Brian Jensen Oct 20, 2021 3:31AM ET
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My guess would be ...Already have other facilities there, Labour, Taxreduction etc.,
William Wasser
William Wasser Oct 20, 2021 3:31AM ET
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Japanese peole work circles around US labor force. Japan does not pay people “not”to work. No “wokeness in Japan.
Felipe Daniel
Felipe Daniel Oct 19, 2021 11:32PM ET
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Good to diversify from potential CCP takeover.
 
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