by AFP Workers Writers
Singapore (AFP) Jan 27, 2026
US chip agency Micron mentioned Tuesday it was constructing a $24 billion plant in Singapore to assist meet hovering AI-driven demand that has precipitated a world scarcity of reminiscence parts.
Synthetic intelligence knowledge centres worldwide are hoovering up the reminiscence chips utilized in shopper electronics — a crunch threatening increased costs for telephones, laptops and different gadgets.
Micron mentioned it had damaged floor Tuesday on an “superior wafer fabrication facility positioned 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 mentioned.
It mentioned the plant would “handle rising market demand for NAND expertise pushed by the fast enlargement of AI and data-centric functions”.
In 2026, provide chain stress for reminiscence chips “might be far better than this yr”, Lu Weibing, president of Chinese language electronics large Xiaomi, mentioned in November.
“Everybody will possible observe that retail costs for merchandise will see a big enhance,” he warned.
Singapore mentioned Saturday it could make investments round US$785 million in public analysis on AI by means of 2030 to boost its world competitiveness.
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