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Micron Technology is investing US$24 billion in a new wafer fabrication plant in Singapore to boost NAND production in response to soaring demand driven by artificial intelligence and data workloads, signalling a strategic move to address ongoing chip shortages.
US memory-chip maker Micron Technology has begun construction of a major wafer fabrication plant in Singapore, committing roughly US$24 billion in staged investment to expand its NAND production capacity with wafer output targeted for the second half of 2028, according to company announcements and market reports.
The company says the project responds to surging demand for NAND flash driven by generative artificial intelligence and other data-centred workloads, with storage chips now critical both for data centres powering AI services and for consumer devices. Industry observers and Singapore economic-development materials note that the island nation has become an important node in Micron’s NAND operations.
Public reporting describes the new facility as an advanced wafer fab built inside Micron’s existing NAND manufacturing complex in Singapore, featuring a large cleanroom footprint estimated at about 700,000 square feet and designed to scale production of high-density storage parts.
Micron has framed the build as a decade-long programme of capital spending to shore up supply of memory components as AI adoption accelerates worldwide; the company’s timeline and funding profile are intended to expand output progressively rather than deliver immediate relief.
The shortage of higher-end memory chips has persisted into the mid-2020s and industry commentary warns that constrained supply may continue beyond 2026, reinforcing the need for additional manufacturing capacity to stabilise prices and availability. Market analysts and Micron statements both point to structural demand growth from AI infrastructure as the core driver of the imbalance.
Singaporean authorities and business bodies have been emphasising the city-state’s role in advanced semiconductor manufacturing and research, portraying the Micron expansion as complementary to efforts to deepen local capabilities in AI and chip production. Senior officials have highlighted the broader economic and strategic rationale for attracting such investments.
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Source: Fuse Wire Services
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