Micron Technology’s Global Expansion Fuels AI Ambitions

Micron US5951121038

Driven by surging demand for artificial intelligence infrastructure, Micron Technology is embarking on a multi-billion dollar global manufacturing expansion. The memory chip leader has announced significant capital investments across Asia, positioning itself to capture a larger share of the high-performance memory market essential for AI systems.

The company's ambitious capital expenditure plans are backed by robust financial performance. For its first fiscal quarter of 2026, reported on December 17, 2025, Micron posted revenue of $13.64 billion. This figure represents a sequential increase exceeding 20%. Net income climbed to $5.24 billion, while operating cash flow reached $8.41 billion. These results underscore the strong market demand for memory solutions from data center and AI customers.

Concurrently, Micron is refining its strategic focus. In December 2025, the company announced its exit from the Crucial consumer business, a move intended to sharpen its concentration on enterprise and data center clients.

Strategic Moves Across Key Regions

Singapore: A $24 Billion Commitment
On January 27, 2026, Micron broke ground on a major new semiconductor fabrication facility in Singapore. The project involves a planned investment of approximately $24 billion over a ten-year period. The facility, which will feature 65,000 square meters of cleanroom space, is notable as Singapore's first two-story wafer production site. Production is scheduled to commence in the second half of 2028, with a focus on NAND technology.

Additionally, a previously announced High-Bandwidth Memory (HBM) packaging facility at the same location is expected to begin supplying advanced memory products from 2027. The combined projects are projected to create around 3,000 new jobs in Singapore.

Taiwan: Acquiring Established Capacity
Shortly before the Singapore groundbreaking, on January 17, 2026, Micron signed a letter of intent to acquire Powerchip Semiconductor Manufacturing Corporation's (PSMC) P5 facility in Tongluo, Taiwan. The all-cash transaction is valued at $1.8 billion and includes 28,000 square meters of existing 300-millimeter cleanroom space.

Pending regulatory approvals, the deal is expected to close in the second quarter of 2026. Micron anticipates it will be able to supply significant volumes of DRAM wafers from the acquired plant starting in the latter half of 2027.

Looking Ahead

Micron's leadership is scheduled to present at the Wolfe Research Auto, Auto Tech and Semiconductor Conference in New York on February 11, 2026. The company's global capacity expansion and its strategy for meeting the accelerating demand for AI memory solutions are likely to be key topics of discussion for investors and industry observers.

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