Lates News

Against the backdrop of a shortage of memory chips caused by artificial intelligence, Micron Technology (MU.O) will invest an additional $24 billion in Singapore over the next ten years to expand its manufacturing capacity. According to a statement from the company, the chip manufacturer based in Boise, Idaho will use the funds to build a new NAND flash memory factory. The company announced on Tuesday that this new investment will create approximately 1,600 jobs and wafer output is expected to begin in the second half of 2028. The new factory will deploy artificial intelligence and automation. In early 2025, Micron Technology announced a $7 billion investment over the next few years to expand its manufacturing scale in Singapore to meet the demand for advanced memory chips needed for training artificial intelligence.