Micron to Build $7 Billion Plant in Japan to Expand DRAM Production: Report

Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco, on Oct. 24, 2019. Stephen Nellis/Reuters

TOKYO—U.S. memory chip maker Micron Technology Inc. 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 centers, with production set to begin in 2024, the report said, without citing sources.