Micron Plans Nearly $24 Billion Singapore Investment To Address AI-Driven Demand

Micron Technology Inc. (NASDAQ:MU) has begun building a state-of-the-art wafer fabrication plant in Singapore, with plans to invest about $24 billion (SG$31 billion) over the next ten years amid strong AI-driven demand for its memory chips.

Expanding the NAND Center Of Excellence

The new plant, situated within Micron's existing memory chip manufacturing campus in Singapore, will add approximately 700,000 square feet of cleanroom space. Wafer production is slated to begin in the latter half of 2028.

The project is expected to generate approximately 1,600 new jobs, in addition to the 1,400 roles announced earlier for the high-bandwidth memory (HBM) advanced packaging facility, bringing Micron's total planned job creation in Singapore to around 3,000.

Capacity Expansion Amid Memory Chip Shortage

The new facility’s construction comes at a time ...