Micron Invests $24B in New Singapore NAND Fab

On January 27, Micron Technology announced plans to invest up to $24 billion in Singapore to build a new advanced semiconductor manufacturing facility, expanding its NAND Flash production capacity. The new fab is expected to begin operations in the second half of 2028.

While the project will not ease the current, widely described “unprecedented” memory chip shortage, Micron says it is a long-term move to support rising demand from artificial intelligence (AI) and other data-intensive applications that rely heavily on high-performance NAND Flash.

Since the second half of last year, a surge in AI workloads has tightened global supplies of both DRAM and NAND Flash, pushing prices sharply higher. Industry expectations suggest supply constraints could persist until 2027. Entering the first quarter of 2026, NAND Flash—previously lagging DRAM in price increases—has also seen significant contract price jumps. Market reports indicate that Samsung's NAND Flash contract prices rose by as much as 100% quarter-on-quarter.

Micron's new NAND fab will be located within its existing Woodlands manufacturing campus in Singapore. The $24 billion investment will be rolled out in phases over the next 10 years, adding approximately 700,000 square feet of cleanroom space dedicated to NAND Flash production.

The announcement follows Micron's earlier plans for a high-bandwidth memory (HBM) advanced packaging facility, also located at the same Singapore campus. That HBM facility is progressing on schedule and is expected to make a meaningful contribution to Micron's HBM output starting in 2027. With HBM becoming part of Micron's Singapore manufacturing footprint, the company anticipates operational synergies across NAND Flash and DRAM, while retaining flexibility to adjust capacity ramp-up based on market conditions.

Micron estimates that the new advanced wafer manufacturing facility will create around 1,600 jobs, focused on fab engineering and operations. Combined with the 1,400 jobs associated with the HBM advanced packaging plant, Micron's recent investments are expected to generate roughly 3,000 new roles in Singapore. These positions will integrate AI, advanced robotics, and smart manufacturing technologies to improve efficiency and innovation across operations.

Singapore already serves as a key production base for Micron's NAND Flash. In Micron's fiscal Q1 2026, the NAND business delivered a record $2.7 billion in revenue, accounting for about 20% of the company's total revenue, underscoring the strategic importance of the region to Micron's long-term memory roadmap.