Micron Technology broke ground Monday on a new chip manufacturing facility in Singapore. The company will invest $24 billion over the next ten years.
Micron $MU just announced plans to invest an additional $24 billion in Singapore
over the next decade to expand its manufacturing capabilities amid an AI-induced memory chip shortage – Bloomberg pic.twitter.com/bYySqNv1Hh
— Evan (@StockMKTNewz) January 27, 2026
The new wafer fabrication plant will be built at Micron’s current NAND manufacturing site. It marks Singapore’s first double-storey wafer fab design.
Production at the facility is set to begin in the second half of 2028. The plant will eventually provide 700,000 square feet of cleanroom space.
The expansion targets growing demand for memory chips used in AI applications. Data-centric technologies continue driving higher memory requirements.
Micron produces high-bandwidth memory chips that compete with Samsung Electronics and SK Hynix. These components power artificial intelligence processors.
The company also manufactures DRAM for computers and servers. Its NAND flash memory appears in smartphones and solid-state drives.
The Singapore project will create approximately 1,600 new positions. This comes on top of 1,400 jobs from previous expansion plans.
Singapore officials praised the investment for strengthening the nation’s semiconductor industry. The facility enhances the country’s role in global chip supply chains.
A high-bandwidth memory packaging facility at the same location remains on track. That plant will start contributing to HBM supply in 2027.
The proximity of different production lines creates operational advantages. Micron can coordinate NAND and DRAM manufacturing at one site.
Micron emphasized it will maintain flexibility in ramping up production capacity. The company wants to match output with actual market demand.
This approach addresses historical concerns about chip industry oversupply. Memory manufacturers have previously built too much capacity during boom periods.
Those buildouts resulted in market crashes when demand couldn’t keep pace. Micron appears focused on preventing this cycle.
The company is pursuing multiple large-scale projects globally. It recently started work on a $100 billion facility in Onondaga County, New York.
Micron also purchased a Taiwan chip-making plant for $1.8 billion. Competitor SK Hynix announced a $13 billion processor-packaging facility in South Korea.
Strong demand has driven Micron’s stock price up more than four times over the past year. Investors remain optimistic about memory chip market growth.
The Singapore facility represents a long-term commitment to the region. Micron already operates manufacturing sites there.
Wafer output from the new plant will help address NAND technology demand. AI applications continue expanding rapidly across industries.
The double-storey design maximizes use of available land. This construction approach allows for greater production capacity in a smaller footprint.
Singapore’s semiconductor ecosystem benefits from the investment. The country positions itself as a key player in global chip manufacturing.
The 2028 production timeline gives Micron years to assess market conditions. The company can adjust capacity ramps based on demand trends at that time.
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