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Micron plans $24-billion memory chipmaking plant in Singapore

The $24 billion investment will add 700,000 sq ft of cleanroom space and create 1,600 jobs focused on AI-driven NAND chip production and advanced manufacturing technologies.

  • On Jan. 27, 2026, Micron Technology, Inc. broke ground on a double-storey wafer fabrication facility in Woodlands, Singapore, with a planned $24 billion investment over 10 years.
  • Amid a rapid AI-driven surge in demand, Micron and officials said AI-fuelled shortages are unprecedented and expected to last beyond 2026, with Micron meeting only half to two-thirds of client demand.
  • Micron said the new plant will provide 700,000 sq ft cleanroom space, begin output in the second half of 2028, and create 1,600 new jobs focused on engineering and operations.
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Benzinga broke the news in New York, United States on Monday, January 26, 2026.
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