Singapore, 27 Jan 2026, 21:04 (SGT)
- Micron plans to invest about $24 billion over the next ten years to build a new NAND flash memory wafer fab in Singapore
- Wafer production at the facility is set to start in the second half of 2028, creating about 1,600 new jobs.
- Analysts caution that tight memory supply could linger through 2027, despite Samsung and SK Hynix boosting their output
Micron Technology revealed on Tuesday its intention to invest about $24 billion in a new memory chip fab located in Singapore, with plans to start wafer production in the second half of 2028. 1
Chip buyers are scrambling to lock down memory as AI system deployments surge, pushing demand for high-speed memory and storage sharply higher. The shortage has spread beyond data centers, now hitting consumer electronics and AI service providers alike.
Micron revealed its new plant will focus on NAND, the flash memory tech behind solid-state drives and related storage devices. Right now, most of Micron’s flash memory chips come out of Singapore, where the company is also building a high-bandwidth memory packaging facility set to begin shipments in 2027.
Micron’s Singapore project is an “advanced wafer fabrication facility” — a plant that prints chips onto silicon wafers within highly controlled cleanrooms. The company expects it to offer 700,000 square feet of cleanroom space. This new facility will be located inside Micron’s current NAND manufacturing complex in Singapore.
“Micron’s leadership in advanced memory and storage is fueling the AI revolution,” Manish Bhatia, the company’s executive vice president of global operations, said. He called Singapore “a key hub” in Micron’s manufacturing network. 2
Micron revealed the project will create around 1,600 jobs, adding to the 1,400 positions already announced for its high-bandwidth memory advanced packaging facility—bringing the total to about 3,000 new roles. Jermaine Loy, managing director of the Singapore Economic Development Board, described the expansion as a step to “anchor Singapore as a critical node” in the global semiconductor supply chain.
Singapore’s Deputy Prime Minister Gan Kim Yong highlighted that the new investment will strengthen the city-state’s position in advanced NAND flash memory manufacturing, especially as factories lean more on automation and AI. The EDB notes that Singapore makes “1 in 10 chips” globally and supports a semiconductor workforce of over 35,000. 3
The push comes as rivals boost their output. Samsung Electronics and SK Hynix, Micron’s main competitors from South Korea, are rolling out new production lines. Analysts warn the memory supply shortage could drag on until late 2027.
TrendForce analyst Bryan Ao says the supply shortage is driving up prices for enterprise solid-state drives, the storage units crucial for data centres. He forecasts contract prices may surge 55% to 60%. Ao points out that demand for high-performance storage is “growing much faster than expected,” fueled by the boom in AI inference applications.
The bet holds steady in an industry known for its volatility. Micron plans to keep its “flexibility” on how fast it scales capacity to align with market demand. At the same time, Singapore’s EDB pointed to a “soft near-term outlook” for semiconductors, even as companies continue investing.
Micron confirmed its new fab will adhere to sustainability targets and achieve LEED certification, a widely recognized green building standard. That means reducing greenhouse gas emissions and recycling water. The company also plans to link the expansion with workforce programs in academia, providing internships and training centered on AI and smart manufacturing.
