Micron Breaks Ground on $7 Billion HBM Facility in Singapore

Portfolio | Jan 08, 2025 | Micron Ventures LLC

Micron Technology, Inc. has initiated the construction of a new High-Bandwidth Memory (HBM) advanced packaging facility in Singapore, reflecting an investment of approximately $7 billion over the coming years. As artificial intelligence (AI) becomes more prevalent across industries, the demand for sophisticated memory and storage solutions is soaring, prompting Micron to expand its capabilities in Singapore, a hub recognized for its strategic position in the global semiconductor supply chain. This new facility is scheduled to begin operations in 2026, with expansions in capacity planned to start in 2027. The project is anticipated to create 1,400 jobs initially, with a prospect of reaching 3,000 roles, encompassing packaging development and test operations. Singapore government officials, including Deputy Prime Minister and Minister for Trade and Industry, were in attendance, underscoring the continued partnership between Micron and Singapore. Micron’s plans will also support long-term manufacturing requirements for their NAND facilities. In line with Micron’s sustainability goals, the facility will incorporate water recycling, waste circularity technologies, and intelligent AI-based automation. The importance of this initiative extends beyond Micron’s growth, as it contributes significantly to the semiconductor ecosystem of Singapore and global AI advancements.

Sectors

  • Semiconductor Manufacturing
  • Artificial Intelligence
  • Sustainability and Environmental Management

Geography

  • Singapore – The article revolves around Micron's activities in Singapore, including the construction of a new semiconductor packaging facility and its collaboration with the Singapore government.
  • Global – Although the focus is on Singapore, the implications of Micron's actions affect the global semiconductor supply chain and AI markets.

Industry

  • Semiconductor Manufacturing – The article focuses on Micron's expansion within the semiconductor industry, particularly through the development of an advanced packaging facility for high-bandwidth memory.
  • Artificial Intelligence – The demand for advanced memory and storage solutions is driven by the growth of AI, a central theme in Micron's decision to expand its packaging capacity.
  • Sustainability and Environmental Management – Micron's new facility in Singapore incorporates sustainability technologies like greenhouse gas abatement and water recycling, aligning with broader industry trends toward environmental responsibility.

Financials

  • Approximate $7 billion – The planned investment by Micron in the new high-bandwidth memory advanced packaging facility in Singapore.

Participants

NameRoleTypeDescription
Micron Technology, Inc.Developer and InvestorCompanyA leading company in innovative memory and storage solutions, embarking on new facility development in Singapore.
Singapore GovernmentSupporter and PartnerGovernmentProvides support and partnership for Micron's facility in Singapore, represented by various officials at the groundbreaking ceremony.
Gan Kim YongDeputy Prime Minister and Minister for Trade and IndustryPersonA Singapore government official who attended the groundbreaking ceremony, highlighting the governmental support for Micron.
Png Cheong BoonChairman of the Singapore Economic Development BoardPersonSpoke on the importance of Micron's investment, reflecting confidence in Singapore's semiconductor sector.
Pee Beng KongExecutive Vice President of the Singapore Economic Development BoardPersonAn executive of the Singapore Economic Development Board present at the event.
Tan Boon KhaiCEO of JTC CorporationPersonPresent at the facility's groundbreaking ceremony, representing JTC Corporation's role in Singapore's industrial infrastructure.