Micron Technology has announced plans to invest $24 billion in a new memory chip manufacturing plant in Singapore over the next ten years, aiming to address the severe global shortage of memory chips.
The expansion underscores mounting industry pressure to scale up production capacity for NAND flash memory, which is increasingly vital for sectors such as artificial intelligence and data storage.
The U.S.-based semiconductor firm outlined that its forthcoming facility will add approximately 700,000 square feet of cleanroom space to its existing Singapore operations. Production of NAND memory wafers at the site is expected to commence in the second half of 2028.
Micron’s Singapore locations currently manufacture 98% of the company’s flash memory output. The company is also in the process of completing a $7 billion advanced packaging facility for high-bandwidth memory (HBM), which remains on schedule to start operations in 2027. HBM chips are a key component for advanced AI processors.
This new investment brings Micron’s total spending in Singapore to over $60 billion since 1998. The company stated that the new facility will create roughly 1,600 engineering and operations jobs, contributing to a combined total of about 3,000 new positions when considering both the NAND and HBM projects.
Meanwhile, industry analysts anticipate the ongoing chip supply gap might persist through late 2027, even as Micron and its major competitors—Samsung Electronics and SK Hynix—accelerate their capacity expansion efforts.
To boost its DRAM wafer output, Micron recently entered negotiations for a $1.8 billion acquisition of a fabrication site in Taiwan. SK Hynix, on the other hand, indicated it will advance timelines for opening new production plants in response to market needs, as reported by Reuters.
Singapore’s Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong, attending the ceremony for Micron’s new plant, highlighted the nation’s role as a secure and strategic manufacturing base for technology companies navigating global market uncertainty.
Micron’s President and CEO, Sanjay Mehrotra, emphasized that the scale of AI deployment is transforming memory and storage from standard system components into core technology assets, enabling AI growth. NAND flash revenues in Singapore alone reached $2.7 billion in the first quarter of its 2026 fiscal year—nearly a fifth of Micron’s total sales.
