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Micron Plans $ 24 Billion Memory Chipmaking Plant in Singapore
U.S. memory chip manufacturer Micron Technology revealed a $24-billion investment strategy to establish a new memory chip production plant in Singapore, as it strives to increase output amid a severe global shortage.
The report, originally shared by Reuters, arrives during a rush in the industry to develop AI infrastructure, causing sectors like consumer electronics and AI service providers to contend with a significant shortage of various memory chips.
Micron announced that its new investment to construct a state-of-the-art wafer fabrication facility in the coming decade will assist in fulfilling the increasing market demand for NAND memory chips, driven by the surge of AI and data-focused applications.
According to reports, wafer production is expected to commence in the latter half of 2028 within a cleanroom area covering over 700,000 square feet (65,000 sq m).
Micron manufactures 98percent of its flash memory chips in Singapore, where it is also constructing a $7-billion advanced packaging facility for high bandwidth memory (HBM), utilized in artificial intelligence chips, set to commence production in 2027.
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Micron announced last week that it is negotiating to purchase a fabrication facility from Powerchip in Taiwan for $1.8 billion, which will enhance its DRAM wafer production
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Experts indicated that the memory supply deficit might persist until late 2027, whereas the chip manufacturer and its key competitors, South Korea's Samsung and SK Hynix, intend to launch new production lines and are accelerating timelines for production commencement.
Micron announced last week that it is negotiating to purchase a fabrication facility from Powerchip in Taiwan for $1.8 billion, which will enhance its DRAM wafer production.
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This month, SK Hynix informed Reuters that it intends to accelerate the launch of a new factory by three months and start operations at another new plant in February.
