Micron Invests 24 Billion USD in Chip Plant in Singapore – While Being Cautious of Overcapacity

Micron Technology will invest approximately 24 billion USD in Singapore over the next ten years. This is another major investment aimed at capitalizing on the demand boom for memory chips. At the same time, the company emphasized that it wants to avoid an oversupply in the market. Micron announced the groundbreaking for an advanced wafer manufacturing facility at its NAND production site in Singapore on Tuesday. The facility represents a planned investment of 31 billion Singapore dollars (24.44 billion USD) over a ten-year period. The production...