U.S. memory chipmaker Micron Technology on Tuesday announced a US$24 billion plan to build a new memory chip fabrication facility in Singapore, aiming to boost output amid a global shortage.
The investment comes as the chip industry races to meet surging demand for AI and data-driven applications, which has left sectors from consumer electronics to AI services facing tight memory chip supplies.
A Micron logo appears in this illustration taken August 25, 2025.
Micron said the new advanced wafer fabrication facility, scheduled for completion over the next decade, will focus on NAND memory chips. Production is expected to begin in the second half of 2028 in a 700,000-square-foot (65,000 sq m) cleanroom facility.
Micron already produces 98% of its flash memory chips in Singapore and is building a separate US$7 billion advanced packaging plant for high-bandwidth memory (HBM) chips, used in AI applications, which is expected to start production in 2027.
Analysts warn the memory shortage could continue into late 2027, despite new production lines planned by Micron and its main competitors, South Korea’s Samsung and SK Hynix. Last week, Micron revealed it is in talks to acquire a fabrication site from Powerchip in Taiwan for US$1.8 billion to increase DRAM wafer output.
SK Hynix also recently announced plans to accelerate the opening of a new factory by three months and begin operating another facility in February, reflecting industry efforts to close the supply gap.
