Micron to invest about $24 billion to expand Singapore chip manufacturing, aiming at AI-driven demand
Micron said it broke ground on a new advanced wafer fabrication facility in Singapore as part of an investment plan of roughly $24 billion over the next decade. The company says the capacity will help meet rising demand for NAND memory tied to AI and data-centric applications, with output targeted for the second half of 2028.
A major Singapore expansion tied to AI infrastructure
Micron announced it has begun construction on an advanced wafer fabrication facility within its existing NAND manufacturing complex in Singapore. The company framed the project as a long-horizon capacity build designed to support demand for memory and storage as AI systems and data-heavy services expand.
The investment is planned at approximately $24 billion over 10 years, with the site ultimately designed to add a large amount of cleanroom space. Micron said wafer output is expected to start in the second half of 2028, giving the company additional flexibility as it navigates a market known for boom-and-bust pricing cycles.
What Micron says it’s building
- A new advanced wafer fabrication facility located inside Micron’s existing Singapore NAND complex
- A buildout plan measured in years, with production targeted for the second half of 2028
- An emphasis on supporting NAND demand driven by AI and broader data-centric applications
Company executives highlighted the idea that next-generation memory and storage are becoming foundational to the AI economy, not just to traditional PCs and phones. That shift is pushing chipmakers to invest in new facilities while also trying to avoid overexpansion that could flood the market later.
Jobs, ecosystem, and long-term competitiveness
Micron said the project will create about 1,600 jobs, with roles spanning engineering, operations, and advanced manufacturing technologies. The company also pointed to collaboration with local institutions and efforts to build a workforce pipeline for semiconductor manufacturing and R&D.
Strategically, the Singapore build is part of a broader global supply-chain positioning effort as governments and corporations place greater emphasis on resiliency. For Micron, the goal is to increase output capacity while keeping the ability to pace ramps in response to demand signals—especially as AI investment cycles can shift quickly.