by AFP Workers Writers
Singapore (AFP) Jan 27, 2026
US chip agency Micron stated Tuesday it was constructing a $24 billion plant in Singapore to assist meet hovering AI-driven demand that has prompted a worldwide scarcity of reminiscence parts.
Synthetic intelligence information centres worldwide are hoovering up the reminiscence chips utilized in client electronics — a crunch threatening increased costs for telephones, laptops and different gadgets.
Micron stated it had damaged floor Tuesday on an “superior wafer fabrication facility situated inside the firm’s current NAND manufacturing complicated in Singapore”.
NAND storage parts energy on a regular basis devices however are additionally wanted to assist course of the huge quantities of information crunched by generative AI.
“This new facility represents a deliberate funding of roughly US$24 billion (SG$31 billion) over 10 years” with output scheduled for the second half of calendar 2028, Micron stated.
It stated the plant would “deal with rising market demand for NAND expertise pushed by the speedy enlargement of AI and data-centric purposes”.
In 2026, provide chain strain for reminiscence chips “will probably be far higher than this 12 months”, Lu Weibing, president of Chinese language electronics large Xiaomi, stated in November.
“Everybody will possible observe that retail costs for merchandise will see a big improve,” he warned.
Singapore stated Saturday it will make investments round US$785 million in public analysis on AI by 2030 to reinforce its world competitiveness.
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