Micron Launches $24B Singapore Fab to Broaden AI-Driven Storage Capacity

Micron announced a US$24 billion, 10-year investment to build an advanced wafer fabrication facility at its Singapore NAND complex, aiming to begin wafer output in H2 2028 and expanding to 700,000 square feet of cleanroom space. The project will create about 1,600 new jobs at the fab, adding to roughly 1,400 from an adjacent high-bandwidth memory packaging facility for a total of around 3,000 roles, and strengthens Singapore’s semiconductor ecosystem through co-located R&D, sustainability commitments, and potential NAND/DRAM synergies with AI-driven demand.