Micron Commits $24 Billion for Singapore Plant to Mitigate Global Chip Shortage
On January 27, 2026, U.S. memory chipmaker Micron Technology initiated the construction of a colossal $24 billion advanced wafer fabrication facility in Singapore. This marks one of the most substantial semiconductor investments in the region, amidst the ongoing global memory chip shortages.
The new facility, a part of Micron’s existing NAND manufacturing complex, is a 10-year investment plan. It will add an impressive 700,000 square feet of cleanroom space, making it Singapore’s first double-story wafer manufacturing plant. The production, primarily focusing on NAND flash memory chips used in servers, data centers, and personal computers, is slated to commence in the second half of 2028.
The expansion is a strategic move to address the critical supply shortages driven by the AI boom. Memory chipmakers have been prioritizing the production of high-bandwidth memory (HBM) for AI applications over conventional NAND chips, leading to these shortages. These shortages are anticipated to continue until late 2027. The facility will also generate approximately 1,600 jobs in engineering and operations, integrating AI, advanced robotics, and smart manufacturing technologies.
With Singapore manufacturing 98% of Micron’s flash memory chips, it is becoming increasingly pivotal to global semiconductor supply chains. This investment escalates Micron’s total commitment to Singapore to over $60 billion since it began operations in 1998.
Source: CNBC