Micron Technology's new $9.5 billion chip plant in Singapore is set to become operational in 2026, driving the country's artificial intelligence (AI) development and creating up to 3,000 jobs. The facility will specialize in advanced packing of high-bandwidth modules, crucial components for AI applications.
Micron 's new $9.5 billion high-bandwidth module (HBM) advanced packing facility in Woodlands will become operational in 2026. Singapore can be expected to play a larger role in developing complex artificial intelligence (AI) applications when the facility becomes operational.
Speaking at the ground-breaking ceremony on Wednesday (January 8), Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong said that Micron's new investment comes at an inflexion point for the global semiconductor industry. 'Amidst intensifying geopolitical contestation, semiconductors have been subject to a myriad of trade and investment barriers; these include export controls and outbound investment screening,' he added. 'Such rules and restrictions have significant implications not only on existing production and supply chains for the semiconductor industry, but also future investments, especially in the development of new technologies and innovations.' The market for semiconductors across various applications, such as automotives, communications and computing, is projected to almost double over the course of this decade, to about US$1 trillion by 2030 (about S$1.36 trillion). The Singapore Economic Development Board (EDB) said that it is working to bolster Singapore's position in global semiconductor supply chains by continuing to anchor investments from leading global companies, doubling down on research and development (R&D) investments in emerging semiconductor technologies, and expanding the talent pipeline. According to the EDB, Singapore now produces one in ten chips and one in five semiconductor equipment units globally. It added that Singapore has been successful in attracting over $18 billion of R&D and manufacturing investments into our semiconductor ecosystem
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