Micron to invest $24B in chip manufacturing plant in Singapore

Core Viewpoint - Micron Technology is expanding its manufacturing base in Singapore to meet the increasing demand driven by AI in the global memory markets, committing approximately $24 billion to this initiative [1] Group 1: Company Expansion - Micron Technology is investing around $24 billion in expanding its manufacturing capabilities in Singapore [1] - The expansion is a strategic response to the growing strain in global memory markets due to AI-driven demand [1] Group 2: Industry Context - The global memory markets are experiencing heightened pressure as a result of increased demand from artificial intelligence applications [1]