Micron looks to help ease global chip crisis - new $24 billion Singapore facility should boost NAND supply worldwide, but will it be enough?

• Micron commits long-term capital to expand global NAND manufacturing capacity
• New Singapore wafer output will not begin until the second half of 2028
• AI infrastructure demand continues to strain global memory supply chains

Micron has announced a $24 billion investment to expand memory manufacturing in Singapore, adding a large wafer fabrication facility intended to increase global NAND supply.

The project comes as the global chip crisis continues to affect multiple technology sectors, driven largely by sustained demand from AI infrastructure and data-intensive computing.

The company says the new plant will support rising NAND demand over the next decade, although production is not expected to begin until the second half of 2028.