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Micron Technology on Tuesday committed approximately $24 billion to expand its wafer manufacturing operations in Singapore, as the American memory chipmaker moves to expand production amid global shortages.
In a press release, Micron
said the investment would add 700,000 square feet of cleanroom space —highly-controlled manufacturing areas designed to prevent contamination — at an existing NAND manufacturing complex.
Production of NAND, a type of memory chip widely used in personal computers, servers and smartphones, is expected to start in the second half of 2028.
