Micron stock (NASDAQ: MU) climbed over 6% on Tuesday, after the memory chipmaker broke ground on a roughly $24 billion advanced wafer fabrication facility in Singapore. The move signals confidence that supply constraints will persist through the decade.
Chinese chip design firm Shenzhen China Micro Semicon announced on Tuesday price hikes of 15-50% for products including microcontroller units and Nor flash, citing the current "severe" supply-demand situation and significant cost pressure.
Micron Technology is expanding its manufacturing base in Singapore as global memory markets come under growing strain from AI-driven demand. The US-based chipmaker said it will commit around $24 billion to expand wafer manufacturing at an existing NAND complex, adding capacity at a time when supply across several memory segments remains tight.
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