SINGAPORE, Jan 27, 2026 (BSS/AFP) - US chip firm Micron said Tuesday it was building a $24 billion plant in Singapore to help meet soaring AI-driven demand that has caused a global shortage of memory components. Micron said it had broken ground Tuesday on an "advanced wafer fabrication facility located within the company's existing NAND manufacturing complex in Singapore". "This new facility represents a planned investment of approximately US$24 billion (SG$31 billion) over 10 years" with output scheduled for the second half of calendar 2028, Micron said. It said the plant would "address growing market demand for NAND technology driven by the rapid expansion of AI and data-centric applications". Singapore said Saturday it would invest around US$785 million in public research on AI through 2030 to enhance its global competitiveness.

Source: Bangladesh Sangbad Sangstha January 27, 2026 08:35 UTC