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

Micron to build $7 billion plant in Japan's Hiroshima - report
Micron to build $7 billion plant in Japan's Hiroshima - report   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">TOKYO</span> – 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.</p> <p>Micron’s plant is likely to specialise in <span class="caps">DRAM</span> memory chips which are widely used in data centers, and is due to start operating by 2024, it said. </p> <p>The report comes as strong demand from automakers and tech companies have contributed to a severe global chip shortage. Taiwan chip giant <span class="caps">TSMC</span> 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. </p> <p>($1 = 114.5100 yen)</p> <p/> </div>