Micron to Invest $24 Billion in Singapore as AI Drives Global Memory Chip Demand

SINGAPORE (GeokHub) — U.S. semiconductor company Micron is planning a major expansion of its manufacturing footprint in Singapore, committing approximately $24 billion over the next decade to build an advanced memory chip fabrication facility aimed at meeting surging global demand.

The new investment will support the construction of a state-of-the-art wafer fabrication plant focused on NAND flash memory, a critical component used in data centers, artificial intelligence systems, and data-intensive applications. Micron said wafer production is expected to begin in the second half of 2028.

The facility will include a cleanroom space spanning more than 700,000 square feet, underscoring the scale of the expansion as the company positions itself to capitalize on rapid growth in AI-driven computing.

Singapore Remains Central to Micron’s Strategy

Singapore already plays a pivotal role in Micron’s global operations, accounting for the vast majority of its flash memory chip production. The company is also developing a separate advanced packaging plant in the country dedicated to high-bandwidth memory, a technology essential for artificial intelligence processors.

That high-bandwidth memory packaging facility remains on track to begin contributing to supply in 2027, strengthening Micron’s ability to serve customers building next-generation AI infrastructure.

Tight Supply and Rising Prices

Industry analysts expect the global memory market to remain tight through at least late 2027, as demand for high-performance storage continues to outpace supply. The imbalance is being driven largely by accelerated adoption of AI inference workloads and increased spending by major cloud service providers.

Market watchers anticipate that contract prices for enterprise-grade solid-state drives could rise sharply as a result, reflecting sustained pressure across the supply chain.

Industry Race to Expand Capacity

Micron’s expansion comes as rival chipmakers across Asia move quickly to increase output and bring new production lines online. Several leading memory manufacturers are advancing factory timelines and investing heavily to secure their positions in an increasingly competitive market.

Recent data places Micron among the world’s top flash memory suppliers, with a significant share of the global market. The company has also been exploring additional manufacturing capacity in Taiwan as part of broader efforts to boost production of dynamic random-access memory.

As AI adoption accelerates worldwide, Micron’s long-term investment signals confidence that demand for advanced memory chips will continue to grow well into the next decade.