Micron to announce memory chip manufacturing investment in Singapore

U.S. memory chip maker Micron Technology is set to ‍announce new memory chip manufacturing capacity investment in Singapore, three people briefed ⁠on the matter said, expanding production in response to an acute global memory shortage.

The company will announce the investment as soon as Tuesday, ‌the people ‌said. One said the investment would be in NAND flash memory.

The people declined to ‌be identified as they were not authorised to discuss the matter publicly. Micron did not immediately respond to a request for comment.