Incremental capacity routes to Japan — reported plan, not yet board-approved. Flip any gate or the US-pressure lever to reroute it.
Geographic de-risking determines where new memory capacity lands US-China export controls · supply-chain de-risking pushes capacity decisions into a multi-location contest 1 geographic contest · cross-border pull Korea domestic cluster Yongin home base 2 Japan pull METI subsidies materials ecosystem 3 US pressure build in America de-risking push incremental capacity multi-location contest 4 funding gate — cleared net-cash balance sheet 5 · remaining gates board approval subsidy approval domestic acceptance US pressure pressure normal Japan · Miyagi fab third foreign fab after Micron · TSMC reported · unconfirmed US packaging expansion incremental capacity diverts when gates stall or US pressure