Micron to invest $24 billion in Singapore plant as AI boom strains global memory supply

Group 1 - Micron Technology has committed approximately $24 billion to expand its wafer manufacturing operations in Singapore to address global shortages in memory chips [1] - The expansion will add 700,000 square feet of cleanroom space at an existing NAND manufacturing complex [1] - Production of NAND chips is expected to commence in the second half of 2028, driven by increasing demand from artificial intelligence and data-centric applications [2] Group 2 - Micron operates manufacturing facilities in Singapore as part of a broader Asian production network that includes sites in China, Taiwan, Japan, and Malaysia [3] - The company is also constructing a $7 billion advanced packaging plant in Singapore to produce high-bandwidth memory used in AI applications [3]