Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
Commencement of Henbury Field Program
RCM to Acquire Webbs Consol Silver Project from...
Basin Energy
Epstein estate to hand over ‘birthday book’ to...
Dyan Cannon denied White House entry after lying...
Israel eliminates Houthi prime minister in Yemen airstrike...
Sen. Bernie Sanders calls on RFK Jr. to...
Trump appointee exits US foreign aid agency after...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Micron to Expand in Singapore with US$7 Billion AI Chip-packaging Facility

by admin January 11, 2025
January 11, 2025
Micron to Expand in Singapore with US$7 Billion AI Chip-packaging Facility

Micron Technology (NASDAQ:MU) announced a US$7 billion investment to build a high-bandwidth memory (HBM) chip-packaging facility in Singapore to meet rising global demand for artificial intelligence (AI) technology.

The facility, which will be adjacent to the US-based semiconductor manufacturer’s existing manufacturing site in Singapore, broke ground this week and is scheduled to begin operations by 2026.

Designed to enhance the company’s advanced chip-packaging capabilities, the plant is expected to create 1,400 jobs initially, with the potential to generate up to 3,000 positions as operations scale by 2027.

In a Wednesday (January 8) announcement, Sanjay Mehrotra, Micron’s president and CEO, emphasized the growing demand for memory and storage solutions as AI adoption accelerates across industries.

“With the continued support of the Singapore government, our investment in this HBM advanced packaging facility strengthens our position to address the expanding AI opportunities ahead,” Mehrotra commented.

Singapore continues to strengthen its position as a hub for semiconductor innovation and AI-driven technologies.

The city-state has attracted significant attention from major tech players, with Google (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) expanding their cloud and data center infrastructure in the region.

Singapore has become a focal point for global semiconductor production, and its government has supported these initiatives, recognizing the semiconductor sector as vital to the country’s economy.

For instance, NXP Semiconductors (NASDAQ:NXPI) and a firm backed by Taiwan Semiconductor Manufacturing Company (NYSE:TSM,TPE:2330) are currently constructing a US$7.8 billion wafer plant in the country.

Micron’s Singapore strategy complements its work in other parts of Asia, including a US$603 million chip-packaging facility in Xi’an, China, and an US$825 million assembly and testing plant in Gujarat, India, both announced in mid-2023.

The new facility will focus on packaging HBM chips, which are critical to high-performance computing systems like AI data centers. These chips are designed to handle large amounts of data at high speeds.

The Singapore facility is Micron’s first advanced HBM chip-packaging plant in the country.

This past December, the company also finalized a US$6.165 billion subsidy with the US Department of Commerce to bolster domestic semiconductor production under the CHIPS and Science Act.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Lead Price Forecast: Top Trends for Lead in 2025
next post
Radiopharm Theranostics

You may also like

Top 5 Copper Reserves by Country

August 22, 2025

Mawson Finland Limited

November 5, 2024

David Morgan: Silver Squeeze 2.0 — Will Price...

March 31, 2025

Crypto Market Update: Markets Pull Back After Fed...

August 2, 2025

Copper Price 2024 Year-End Review

December 31, 2024

Radiopharm achieves Nasdaq listing of ADS

November 27, 2024

xU3O8 Token Launches on Major Global Trading Venues:...

July 25, 2025

Chinese Market Approval for WOA’s Lupin Protein Isolate

February 25, 2025

Zinc Stocks: 5 Biggest Canadian Companies in 2024

August 13, 2024

CHARBONE Hydrogen and ABB Sign Agreement to Advance...

March 13, 2025

Recent Posts

  • Former FBI Director Robert Mueller has Parkinson’s disease: report
  • Earthwise Advertising & Investor Awareness Campaign
  • Commencement of Henbury Field Program
  • RCM to Acquire Webbs Consol Silver Project from Lode Res.
  • Basin Energy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (902)
    • Investing (2,872)
    • Politics (3,525)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.