Micron to Invest $9.6 Billion in AI Memory Chip Production

Micron to invest $9.6 billion in new memory chip plant in Japan.

Micron Technology is set to invest 1.5 trillion yen ($9.6 billion) in constructing a new high-bandwidth memory chip manufacturing plant in Hiroshima, Japan, according to Reuters.

The demand for HBM chips is driven by the boom in artificial intelligence and data centers serving the industry.

The American company will commence construction of the facility in May 2026 at an existing site, with product deliveries expected by 2028.

The expansion in Hiroshima aims to diversify Micron’s production, shifting focus away from Taiwan. The investment will also bolster the firm’s competitive stance against market leader SK Hynix.

Adani to Invest $5 Billion in Google Data Center

India’s Adani Group plans to invest up to $5 billion in Alphabet-owned Google. The stated goal is to capitalize on the growing demand for data storage capacity in the world’s most populous country.

In October, Google announced it would invest $15 billion in establishing a data center in the southern state of Andhra Pradesh.

Adani’s CFO, Jugeshinder Singh, clarified that the company will participate in the project through a joint venture with private data center operator EdgeConneX.

Indian billionaires Gautam Adani and Mukesh Ambani have also announced investments in expanding data center capabilities. The initial capacity of the campus being built in the port city of Visakhapatnam will be 1 GW.

This year, Google committed to spending $85 billion on expanding data centers to meet the growing demand for AI services.

Earlier, the tech company planned to increase computing power for the artificial intelligence sector by 1,000 times.