Micron to invest $24 billion in new Singapore memory chip plant

SINGAPORE: U.S. memory chipmaker Micron Technology plans to deepen its manufacturing footprint in Singapore with a US$24-billion investment, as the global semiconductor industry scrambles to expand capacity amid a prolonged shortage of memory chips driven by demand for artificial intelligence.

Micron said it will build a $24-billion chip manufacturing plant in Singapore, a move first reported by Reuters, as it r