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