Micron Announces $24 Billion Investment in New Singapore NAND Chip Fab

Micron Announces $24 Billion Investment in New Singapore NAND Chip Fab

January 27, 2026

In a major move to address the surging global demand for memory chips driven by artificial intelligence, Micron Technology has unveiled plans to invest $24 billion in constructing a new NAND memory wafer fabrication facility in Singapore. The strategic investment underscores the intensifying race among semiconductor manufacturers to secure production capacity for the data center and AI era.

The company announced the investment at a groundbreaking ceremony on January 27, 2026, marking the start of a multi-year project. The new fab will be built within the same complex as Micron's previously announced $7 billion High-Bandwidth Memory (HBM) advanced packaging facility, which broke ground in January 2025. This latest project, slated to be Micron's first double-story fabrication plant, will add approximately 700,000 square feet of cleanroom space to the company's Singapore operations.

Production at the new site is scheduled to commence in the second half of 2028. The combined investment in the two Singapore facilities is expected to create around 3,000 new jobs in the region, with 1,600 roles attributed to this new NAND fab. Manish Bhatia, Executive Vice President of Global Operations at Micron, stated, "This investment underscores Micron’s long-term commitment to Singapore as an important hub in our global manufacturing network, enhancing supply chain resiliency and fostering a vibrant ecosystem for innovation."

The Singapore expansion is part of a broader, aggressive capital expenditure strategy by Micron. This news follows closely on the heels of the company breaking ground on a massive $100 billion semiconductor campus in New York and signing a letter of intent to acquire a fabrication site in Taiwan for $1.8 billion. The push aligns with industry forecasts, including data from TrendForce suggesting that data centers could consume up to 70 percent of global memory output by 2026. By concentrating its new investments on advanced memory for AI and data centers, a shift highlighted by its recent exit from the consumer memory market, Micron is positioning itself to be a cornerstone supplier in the infrastructure underpinning the next generation of computing.

Source: datacenterdynamics