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The Japanese NAND memory manufacturer, once Japan’s largest company by market capitalisation, is suffering from rising interest rates, which are putting pressure on data centres, and from increasing competition from Chinese rivals.
According to Nikkei, the project could cost $6.3 billion and open partially in 2028, making it one of the country’s largest data centres.
The market leader in chip design software says it intends to work with Chinese LLM developers, whilst complying with US export controls, and is targeting revenue of $11.15 billion.
The Ministry of Economy will allocate an additional 150 billion yen to the 2027 budget to bolster the national chipmaker’s equity capital and facilitate bank loans.