Micron’s $24 Billion Singapore Bet to Ease Global Memory Chip Crunch
Photo Credit: @MicronTech
Micron Technology has announced a major investment of $24 billion to build a new advanced memory chip manufacturing facility in Singapore over the next decade. This move is aimed at increasing production capacity as the world faces a serious shortage of memory chips, driven largely by the rapid growth of artificial intelligence and data-intensive technologies.
The new plant will focus on producing NAND memory chips, which are widely used in data centres, consumer electronics, and AI systems. Micron plans to begin wafer production in the second half of 2028 at the facility, which will include a large cleanroom space spanning about 700,000 square feet.
Singapore already plays a central role in Micron’s global operations, with nearly all of its flash memory chips manufactured there. In addition to the new plant, the company is also developing a $7 billion advanced packaging facility in Singapore for high-bandwidth memory used in AI chips, which is expected to start production in 2027.
Industry experts believe the global memory chip shortage could continue until late 2027, even as major players like Samsung and SK Hynix accelerate their expansion plans. Micron is also exploring additional capacity through potential acquisitions in Taiwan to strengthen its DRAM output.
Source: The Economic Times
