Micron Plans $24B Memory Chipmaking Plant in Singapore to expand production of NAND flash memory chips and meet rising demand from artificial intelligence and data-center customers.
Micron Technology, the U.S. memory chip maker, said on Tuesday that it will invest about US$24 billion (S$30 billion) to build a new advanced chipmanufacturing plant in Singapore that will focus on NAND flash memory production, the type of memory used in solid-state drives and critical for AI workloads.
The plant will be constructed at the company’s existing manufacturing complex in Woodlands, with initial wafer output expected in the second half of 2028.
The announcement comes as global demand for memory chips, especially NAND flash, has surged with the rapid growth of generative AI, cloud computing, and large data centers.
New Plant and Jobs
At a ground-breaking ceremony attended by Singapore officials, Micron confirmed the investment will be made over the next decade and that the new fab will add about 700,000 square feet of cleanroom space, one of the largest expansions in the region.
The investment is expected to create roughly 1,600 new jobs in engineering and operations.
The roles will be part of expanding operations alongside Micron’s existing workforce in the city-state.
Company Strategy
Micron already produces a significant share of its NAND flash memory in Singapore. The company makes most of its flash chips there and is concurrently building a separate US$7 billion high-bandwidth memory (HBM) packaging facility that is due to begin production in 2027.
In prior public filings and press releases, Micron described the HBM facility as part of its broader plan to support AI and high-performance computing markets.
In a statement, Micron said the new NAND fab will help address sustained market demand driven by AI and data-centric applications while retaining flexibility in how quickly production ramps up to avoid oversupply.
Industry Context
Micron’s new investment aligns with broader efforts by leading memory makers, including Samsung Electronics and SK Hynix, to increase capacity amid chronic shortages.
Some analysts warn that demand growth from generative AI and cloud services continues to outpace expansion of manufacturing facilities.
Singapore has positioned itself as a key semiconductor hub, attracting multinational tech firms with incentives, skilled labor, and stability.
The expanded Micron facilities underscore Singapore’s role in the global chip supply chain.
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