Singapore, 27 Jan 2026, 21:04 (SGT)
- Micron is set to pour roughly $24 billion into a new NAND flash memory wafer fab in Singapore over the next decade
- Wafer production at the plant will kick off in the latter half of 2028, bringing roughly 1,600 new jobs with it
- Analysts warn that tight memory supply might persist into 2027, even as competitors Samsung and SK Hynix ramp up production
Micron Technology announced Tuesday that it plans to pour roughly $24 billion into a new memory chip fab in Singapore over the next ten years. Production of wafers is expected to kick off in the latter half of 2028. Reuters
Chip buyers are rushing to secure memory amid a rapid surge in artificial intelligence system deployment, driving up demand for both high-speed memory and storage. This shortage is no longer confined to data centers—it’s now impacting consumer electronics and AI service providers too.
Micron announced the new facility will specialize in NAND, the flash memory tech powering storage in solid-state drives and similar devices. Most of its flash memory chips are currently produced in Singapore, where Micron is also constructing a high-bandwidth memory packaging plant expected to start supplying in 2027.
The Singapore project is an “advanced wafer fabrication facility” — a factory that prints chips onto silicon wafers in tightly controlled cleanrooms — and Micron said it will ultimately provide 700,000 square feet of cleanroom space. The company said the facility will sit inside its existing NAND manufacturing complex in Singapore.
“Micron’s edge in advanced memory and storage is driving the AI revolution,” said Manish Bhatia, Micron’s executive vice president of global operations. He described Singapore as “an important hub” within the company’s manufacturing network. Micron
Micron announced the project will generate roughly 1,600 jobs, on top of 1,400 roles already revealed for its high-bandwidth memory advanced packaging plant—totaling about 3,000 new positions. Jermaine Loy, managing director of the Singapore Economic Development Board, called the expansion a move to “anchor Singapore as a critical node” in the worldwide semiconductor supply chain.
Singapore Deputy Prime Minister Gan Kim Yong emphasized that the investment will boost the city-state’s role in advanced NAND flash memory production, especially as companies increasingly rely on automation and AI in factories. According to the EDB, Singapore produces “1 in 10 chips” worldwide and its semiconductor sector employs over 35,000 people. Channelnewsasia
The push arrives as rivals ramp up capacity. South Korea’s Samsung Electronics and SK Hynix, Micron’s chief competitors, are setting up new production lines. Analysts caution that the wider memory supply crunch might stretch through late 2027.
TrendForce analyst Bryan Ao noted that the supply crunch is pushing up prices for enterprise solid-state drives—the storage units powering data centres. He predicts contract prices could jump 55% to 60%. According to Ao, demand for high-performance storage is “growing much faster than expected” thanks to the rise in AI inference applications.
That bet remains in a notoriously uneven industry. Micron said it will maintain “flexibility” on how quickly it ramps up capacity to match market demand. Meanwhile, Singapore’s EDB highlighted a “soft near-term outlook” for semiconductors, despite ongoing investment by companies.
Micron confirmed the new fab will stick to its sustainability goals and meet LEED standards, a popular green building certification. This involves measures like cutting greenhouse gases and recycling water. The company also intends to connect the expansion with workforce initiatives in academia, offering internships and training focused on AI and smart manufacturing.
