Micron Breaks Ground on $9.3B Japan Memory Plant Expansion on July 4

According to Bloomberg, Micron Technology broke ground on July 4 on a 1.5 trillion yen ($9.3 billion) expansion of its Hiroshima plant in Japan to produce advanced memory chips including high-bandwidth memory (HBM) for AI processors. Japan's Ministry of Economy, Trade and Industry allocated up to 500 billion yen ($3.1 billion) for the project, with the Japanese government committing approximately 775 billion yen ($4.8 billion) to Micron in total support.

Shipments from the new facility are expected around summer 2028, with production focused on advanced DRAM and HBM manufacturing using extreme ultraviolet (EUV) technology.