Micron Bets Big on Memory Growth With $24B Singapore Expansion

Key Takeaways Micron plans a $24B Singapore memory chip fabrication facility, expanding its manufacturing footprint.MU says rising AI workloads and hyperscale data centers are driving sustained demand.Micron expects the facility to strengthen supply resilience and its position in advanced memory.On Tuesday, Micron Technology, Inc.’s (MU) shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term gr ...