Prime Highlights:
- Micron plans a $24 billion expansion in Singapore to increase NAND memory production, meeting rising global demand.
- The expansion will create 1,600 new jobs in advanced manufacturing, including robotics and smart production.
Key Facts:
- The new facility will add 700,000 square feet to Micron’s existing NAND manufacturing complex, with production starting in the second half of 2028.
- Micron operates sites across Asia, including China, Taiwan, Japan, and Malaysia, and shares rose over 3% after the announcement.
Background:
Micron Technology will invest $24 billion to expand NAND memory production in Singapore.
The move comes as global memory demand is rising, especially for high-performance memory used in modern technology. The company has also been building a $7 billion advanced packaging facility in Singapore to produce high-bandwidth memory (HBM), a type of dynamic random-access memory used in AI applications.
Micron said that adding HBM to its Singapore facility will allow the company to work more efficiently with both NAND and DRAM production. It also emphasized that the pace of capacity expansion at the new facility will be carefully managed according to market demand.
The NAND expansion is expected to create approximately 1,600 new jobs in fabrication engineering and operations, complementing about 1,400 positions already generated by the high-bandwidth memory plant. The new jobs will focus on advanced manufacturing, including robotics and modern production methods.
Jermaine Loy, Managing Director of Singapore’s Economic Development Board, praised the plan, saying, “Micron’s expansion will strengthen our semiconductor industry and make Singapore an important part of the global supply chain.”
Micron also has manufacturing sites in China, Taiwan, Japan, and Malaysia. Micron and other memory makers like Samsung and SK Hynix are boosting production to meet demand through late 2027. Micron’s shares went up more than 3%, showing investors are confident, and the expansion boosts Singapore’s importance in the semiconductor industry.