GOVERNMENT-BACKED:
The Japanese government has allocated about ￥775 billion to the US company so far, along with funds to support its research and development
Bloomberg
Micron Technology Inc on Saturday broke ground on the expansion of its factory in western Japan, a ￥1.5 trillion (US$9.3 billion) undertaking to produce advanced memory chips.The Boise, Idaho-based company is building the facility in Hiroshima to make chips such as high-bandwidth memory (HBM) crucial for artificial intelligence (AI) processors like Nvidia Corp’s, with shipments to start in the summer of 2028. Japan’s Ministry of Economy, Trade and Industry has allocated up to ￥500 billion to help cover the cost.The move is part of a global ramp up by memory makers to meet demand for AI. Micron is building two leading-edge fabs in Boise and in January held a groundbreaking ceremony for a US$100 billion production site outside Syracuse, New York, part of a pledge to increase DRAM production on US soil. South Korea’s SK Hynix Inc and Samsung Electronics Co are also boosting manufacturing capacity.
The logo for Micron Technology is pictured at their headquarters on June 25 last year in San Jose, Californa.
