Micron Technology Aktie News

Micron plans a $24 billion expansion in Singapore to boost NAND supply amid global memory shortages. AI-driven demand is straining memory markets as chipmakers prioritize high-bandwidth memory.

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.

Approximately $24 billion investment over 10 years will support long-term manufacturing requirements and AI-driven demand Approximately $24 billion investment over 10 years will support long-term manufacturing requirements and AI-driven demand

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.

Demand for AI chips is surging and is expected to continue rising through the remainder of the decade. Hyperscalers are focused on procuring memory and storage chips in addition to general purpose GPUs.

Micron Technology (MU) – a designer and producer of memory and storage solutions – experienced a 6-day winning streak, amassing total gains of 20% during this timeframe. The company's market capitalization has risen by approximately $75 billion over these 6 days, and now totals $450 billion.

Micron is benefiting from soaring demand for memory hardware for use in AI data centers. The company is seeing a substantial boost in cash flow, which it could use for buybacks.

Micron Technology (NASDAQ:MU) shares are down 2.3% to trade at $390.36 at last glance, following news that Samsung is preparing to  supply Nvidia  (NVDA) with next-generation HBM4memory chips as early as next month.