Micron to Plow $24 Billion Into Singapore AI Chip Plant. It's Wary of a Supply Glut.

Core Viewpoint - Micron Technology is making significant investments in response to increasing demand for memory chips while being cautious about the potential for oversupply [1] Group 1: Company Actions - Micron Technology is investing heavily to meet the surging demand for memory chips [1] - The company is taking a cautious approach to avoid creating a supply glut in the market [1] Group 2: Industry Context - The memory chip industry is experiencing a surge in demand, prompting companies like Micron to expand their production capabilities [1] - There is a concern within the industry regarding the balance between supply and demand, as overproduction could lead to a market downturn [1]