tech
January 27, 2026
Micron to invest $24 billion in Singapore plant as AI boom strains global memory supply
Micron Technology has committed investments of $24 billion to expand its memory chip production within Singapore.
TL;DR
- Micron is investing $24 billion to expand its wafer manufacturing in Singapore.
- The investment will add 700,000 square feet of cleanroom space for NAND manufacturing.
- NAND production is expected to begin in the second half of 2028.
- Demand for NAND is increasing due to AI and data-centric applications.
- Micron is also building a $7 billion plant for high-bandwidth memory (HBM) in Singapore.
- HBM production is on track to contribute to supply in 2027.
- The expansion is expected to create approximately 1,600 jobs.
- Micron's shares rose over 3% following the announcement.
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