January 27, 2026 /SemiMedia/ — Micron Technology said it plans to invest about $24 billion in Singapore over the next decade to expand manufacturing capacity, as rising demand from artificial intelligence applications tightens the global memory market.

The U.S. chipmaker said the investment is expected to create around 1,600 jobs, with wafer production scheduled to begin in the second half of 2028. The project will include a new NAND flash manufacturing facility aimed at supporting data centers and AI infrastructure.

Micron has also been expanding capacity elsewhere. The company recently began construction on a large manufacturing project in New York state and announced plans to acquire a Powerchip Semiconductor wafer fab for about $1.8 billion to strengthen its production flexibility.

Earlier in 2025, Micron said it would invest about $7 billion in Singapore over several years to support advanced memory used in AI training. Singapore, Taiwan and Japan remain the company’s main manufacturing hubs, and the latest investment highlights Micron’s focus on long-term supply for AI-related demand.

Demand for NAND flash has been growing as AI servers and cloud systems require larger and faster storage. Industry executives say memory makers are increasingly prioritizing advanced products used in AI workloads, reducing supply available for traditional consumer electronics.