Micron Plans Nearly $24 Billion Singapore Investment To Address AI-Driven Demand - Micron Technology (NASDAQ:MU)

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 ExcellenceThe 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 ...