Micron’s $24 Billion Singapore Megafab Aims To Solve AI‑Era Memory Crunch

Micron has committed to investing $24 billion over the next decade to expand its NAND manufacturing complex in Singapore. As part of the massive investment, Micron broke ground on an advanced fabrication facility within the existing complex, and when finished, it will span 700,000 square feet of cleanroom space. Barring any delays, it's also on track to become the first double-story wafer manufacturing fab in Singapore.

News of the expansion comes less than two months after Micron announced it was winding down its consumer-facing Crucial brand after a 29-year run in order to focus its broader business strategy on its "larger, strategic customers in faster-growing segments." In other words, data center customers who are riding the AI boom.

That AI boom has put a strain on memory chip supplies in the consumer market, which in turn has driven up prices on PC DRAM, storage, and related products (like ...