Exclusive-Micron to announce memory chip manufacturing investment in Singapore, sources say
Jan 27 (Reuters) – U.S. memory chip maker Micron Technology (MU) is preparing to announce an investment in new memory chip manufacturing capacity in Singapore and is ramping up production in response to an acute global memory shortage, three people with knowledge of the matter said.
Sources said the company will announce the investment on Tuesday. Someone said that the investment will be made in NAND flash memory.
The people declined to be named because they were not authorized to discuss the matter publicly. Micron did not immediately respond to a request for comment.
The investment comes at a time when industries including consumer electronics and AI service providers are grappling with a severe shortage of memory chips of all types caused by the race to build AI infrastructure.
Micron has sizable manufacturing facilities in Singapore where it produces 98% of its flash memory chips. It is also building a $7 billion advanced packaging facility for high-bandwidth memory. artificial intelligence The chips are scheduled to begin production in the city-state in 2027.
The chipmaker and its main rivals, South Korean Samsung and SK Hynix, have announced new production lines and are bringing forward production start dates. Still, analysts say the memory resource shortage could last until late 2027.
Last week, Micron said it was in talks to buy a manufacturing facility from Powerchip in Taiwan for $1.8 billion in cash, which it said would increase DRAM wafer production.
SK Hynix told Reuters this month that it plans to accelerate the opening of a new factory by three months and commission another new factory in February.
(Reporting by Brenda Goh, Fanny Potkin and Che Pan; Editing by Christopher Cushing)
