Micron plans $24-billion memory chipmaking plant in Singapore

U.S. memory chipmaker Micron Technology announced on Tuesday a $24-billion ‍investment plan to build a new memory chip making facility in Singapore, ⁠as it races to boost output in the face of an acute global shortage.

The news, reported earlier by Reuters, comes amid an industry scramble to build ‌AI infrastructure ‌that has left sectors from consumer electronics to AI service providers battling a severe ‌scarcity of all types of memory chips.