No salvation from the memory winter, though - plant won't start churning out chips until 2028

Flush with cash from skyrocketing memory prices, Micron continued its fab expansion this week, this time breaking ground on a $24 billion manufacturing complex that will eventually produce chips used in storage devices.

Located at Micron's long-standing foundry complex in Singapore, the facility is expected to swell to 700,000 square feet of clean room space over the next 10 years and create around 1,600 new jobs in the city state.

However, consumers grappling with surging memory and storage prices won't have to wait quite that long for relief. Micron says the plant should start pumping out NAND flash modules in the second half of 2028. Just another 2.5 years of memory winter to go.

The ground breaking comes a year after Micron announced a $7 billion advanced packaging and test facility at the same Singapore site. That plant will be responsible for the final assembly ...