Micron Expands Memory-Chip Production In Singapore Amid Shortage

Group 1 - Micron Technology has commenced construction on an advanced wafer fabrication facility in Singapore to address the ongoing memory-chip shortage [1] - The new facility is part of Micron's existing NAND manufacturing complex and represents a planned investment of $24 billion over the next 10 years [1] - Following the announcement, Micron's stock experienced an increase [1] Group 2 - The new plant is expected to begin wafer output in the near future, contributing to the overall production capacity of the company [1]