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 triggered a world scarcity of reminiscence parts.
Synthetic intelligence information centres worldwide are hoovering up the reminiscence chips utilized in client electronics — a crunch threatening larger costs for telephones, laptops and different units.
Micron stated it had damaged floor Tuesday on an “superior wafer fabrication facility positioned inside the firm’s current NAND manufacturing advanced 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 “handle rising market demand for NAND know-how pushed by the speedy enlargement of AI and data-centric purposes”.
In 2026, provide chain stress for reminiscence chips “will likely be far larger than this 12 months”, Lu Weibing, president of Chinese language electronics large Xiaomi, stated in November.
“Everybody will probably observe that retail costs for merchandise will see a major enhance,” he warned.
Singapore stated Saturday it will make investments round US$785 million in public analysis on AI by 2030 to reinforce its international competitiveness.
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