Micron Technology has unveiled plans to invest roughly $24 billion in a new memory chipmaking plant in Singapore, marking one of its largest manufacturing commitments to date. The project aims to scale output as demand for memory chips grows across artificial intelligence, cloud computing and data center infrastructure.
The Micron Singapore chip plant will take the form of an advanced wafer fabrication facility within the company’s existing local manufacturing footprint. According to timelines shared with officials, wafer production is expected to start in the second half of 2028.
Key Details of the Micron Singapore Chip Plant
- Planned investment of about $24 billion
- Around 700,000 square feet of cleanroom space
- Focus on advanced memory chip production
- Part of Micron’s long term expansion strategy in Singapore
Micron already manufactures most of its NAND flash memory in Singapore and is also developing a separate $7 billion advanced packaging facility for high-bandwidth memory, scheduled to begin production in 2027. Singapore’s government said the new investment reinforces the country’s position in the global semiconductor supply chain.
Micron’s aggressive manufacturing expansion shows how the company is bringing advanced memory closer to real world workloads. As Micron Technology scales NAND and high bandwidth memory production in Singapore, it is also pushing next generation storage into the mainstream PC market. That shift became clear at CES 2026, where Micron launched its first budget focused PCIe Gen5 SSD for mainstream PCs, signaling that Gen5 performance is no longer limited to enterprise or hyperscale systems.
In a separate deal reported by Reuters, Zijin Gold International of China agreed to acquire Allied Gold in an all cash transaction valued at about $4 billion.
Allied Gold Acquisition Highlights
- Offer price of C$44 per share
- Implied valuation near C$5.5 billion
- Assets concentrated in African gold operations
- Expected closing by late April 2026, pending approvals
The agreement includes a termination fee of roughly C$220 million if certain conditions prevent completion.
