Micron Plans $7 Billion DRAM Plant in Japan, Nikkan Kogyo Says

Micron Technology Inc. is planning to build a DRAM plant in Hiroshima prefecture, western Japan, for as much as 800 billion yen ($6.98 billion), the Nikkan Kogyo newspaper reported Wednesday, without attribution.

The largest U.S. maker of memory chips will purchase land near existing facilities in Higashihiroshima city for the plant that’s estimated to cost about 600 billion to 800 billion yen, according to the report. The Japanese government may provide some subsidies, the Nikkan Kogyo added.