Micron breaks ground on a Singapore fab, committing about $24 billion as AI-driven memory demand surges

Micron Technology said it has broken ground on a new advanced wafer fabrication facility in Singapore, laying out plans to invest approximately $24 billion over the next decade to expand manufacturing capacity as demand for memory and storage rises with the growth of artificial intelligence and data-heavy computing. The company said the site will be located within its existing NAND manufacturing complex and is designed to ultimately add about 700,000 square feet of cleanroom space. ([investors.micron.com](https://investors.micron.com/news-releases/news-release-details/micron-breaks-ground-advanced-wafer-fabrication-facility?utm_source=openai))

Micron said wafer output from the new facility is expected to begin in the second half of 2028. The company described the project as part of a longer-term effort to support NAND technology transitions and to strengthen supply-chain resilience by deepening its Singapore footprint, which already plays an outsized role in the company’s flash-memory production. ([finance.yahoo.com](https://finance.yahoo.com/news/micron-plans-24-billion-memory-034716765.html?utm_source=openai))

A manufacturing bet tied to the AI buildout

The expansion comes as the semiconductor industry scrambles to add capacity across memory categories amid tight supply and soaring demand from data centers and AI infrastructure. Micron and its rivals have pointed to strong demand for advanced memory products used in AI training and inference, while also warning that memory markets can swing quickly if capacity ramps too fast. ([finance.yahoo.com](https://finance.yahoo.com/news/micron-plans-24-billion-memory-034716765.html?utm_source=openai))

Alongside the fab announcement, Micron has also highlighted work in Singapore on high-bandwidth memory (HBM) packaging, which it expects to contribute meaningfully to supply in 2027. The company said the broader expansion would create roughly 1,600 jobs tied to the new fab, adding to previously announced hiring associated with other Singapore investments. ([investors.micron.com](https://investors.micron.com/news-releases/news-release-details/micron-breaks-ground-advanced-wafer-fabrication-facility?utm_source=openai))

Timeline and key numbers

• Planned investment: about $24 billion over 10 years
• Location: Micron’s existing NAND manufacturing complex in Singapore
• Cleanroom space: designed to ultimately add about 700,000 square feet
• Target start of wafer output: second half of 2028