The decade-long investment will expand advanced wafer fabrication to meet surging NAND memory demand driven by AI growth.
US memory chipmaker Micron Technology has announced plans to build a $24 billion memory manufacturing plant in Singapore, as it moves to expand output amid a severe global shortage of memory chips driven by artificial intelligence demand.
The investment will support the construction of an advanced wafer fabrication facility over the next decade, enabling Micron to meet growing demand for NAND memory used in data centres and AI focused applications. Wafer production is expected to begin in the second half of 2028 at a cleanroom facility covering more than 700,000 square feet, the company said.
The announcement comes as chipmakers race to scale up capacity to support rapid investment in AI infrastructure. Shortages of memory chips have affected sectors ranging from consumer electronics to cloud based AI service providers.
Micron already produces about 98% of its flash memory chips in Singapore, where it is also building a $7 billion advanced packaging plant for high bandwidth memory used in AI processors. That facility is due to start production in 2027 and is expected to contribute to global supply the same year.
Analysts warn that tight memory supply conditions could persist until late 2027, despite expansion plans by Micron and its main competitors, including South Korea’s Samsung Electronics and SK Hynix. TrendForce analyst Bryan Ao said enterprise solid state drive contract prices could rise by 55 to 60% as demand continues to outpace supply.
TrendForce data shows Micron was the world’s fourth largest flash memory supplier in the third quarter of 2025, with a 13% market share.
