Flush with cash from skyrocketing memory prices, Micron continued its fab expansion this week, this time breaking ground on a $24 billion manufacturing complex that will eventually produce chips used in storage devices.
Located at Micron’s long-standing foundry complex in Singapore, the facility is expected to swell to 700,000 square feet of clean room space over the next 10 years and create around 1,600 new jobs in the city state.
However, consumers grappling with surging memory and storage prices won’t have to wait quite that long for relief. Micron says the plant should start pumping out NAND flash modules in the second half of 2028. Just another 2.5 years of memory winter to go.
The ground breaking comes a year after Micron announced a $7 billion advanced packaging and test facility at the same Singapore site. That plant will be responsible for the final assembly and testing of high bandwidth memory (HBM) used in GPUs and AI accelerators. Micron says the plant should begin contributing meaningfully to HBM supply starting next year.
Combined with its new NAND flash fab, Micron now expects to expand its headcount by around 3,000 workers.
Micron’s Singapore expansion comes a week after the US chipmaker acquired a fab complex from Taiwan’s Powerchip Semiconductor Manufacturing Co. (PSMC).
The American memory vendor plans to retrofit the facility to produce DRAM chips used in everything from smartphones and laptops to servers and AI accelerators. But like most of its other fab projects it won’t happen overnight. Micron wagers it can start churning out DRAM wafers by mid-to-late 2027.
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Micron isn’t just expanding its operations abroad. Earlier this month the company bro