Micron Technology, Inc., today hosted a groundbreaking ceremony with company and Singapore government officials to begin the expansion of its Singapore NAND flash memory fabrication facility.
Previously announced by the company in December, the approximate 255,000 square foot expansion will facilitate efficient implementation of 3D NAND production at the Singapore facility and give Micron the flexibility to gradually add incremental capacity in response to market requirements. In addition, the space will enable production of storage class and other memory technologies.
"Micron enjoys a strong relationship with Singapore where we employ more than 7,000 team members operating at four major facilities," said Micron President Mark Adams. "We're excited to expand our manufacturing footprint in Singapore, and we commend the government and Economic Development Board for fostering such a productive business environment."
"We are glad that Micron has chosen to expand its NAND flash memory fabrication facility in Singapore. This is a testament to the local team's engineering and manufacturing capabilities, and Singapore's competitiveness for advanced manufacturing," said Terence Gan, Director for Electronics, Economic Development Board. "This investment will help to strengthen our semiconductor and data storage industries and position Singapore to capture the growth opportunities in these industries."
With expansion construction under way, Micron expects initial manufacturing output to occur in fiscal 2017. The company currently anticipates spending approximately $50 million in fiscal 2015 for initial design and construction. At completion and subject to market conditions, Micron currently expects the total cost for this expansion to be approximately $4 billion incurred over a number of years starting in fiscal 2016. The company's capital expenditure guidance for fiscal 2015 remains unchanged at $3.6 billion to $4 billion.
Recommended for You
Latest News Posts
- Google Pixelbook: Surface competitor starts at $1199
- Biostar's upcoming RACING Z370 GT7 motherboard teased
- Core i9-7980XE benched: super-fast, but costs $1999
- Custom Radeon RX Vega cards not coming until November
- Oclean One: the world's smartest electric toothbrush
- ad240ehdgmbox on m3a785gmh/128m mainboard?
- 8K benched: RX Vega 64 vs. GTX 1080 Ti vs. TITAN Xp SLI
- AMD X399 TR4 Threadripper Motherboard Buyer's Guide
- Gigabyte System Information Viewer
- ASRock X399 Professional Gaming Motherboard Review
- In Win Launches 'Wood-infused' 305 Mid-Tower PC Chassis
- Micron appoints Anand Jayapalan as Storage Business Unit Vice President
- Bluehole, Inc and Microsoft announce expanded partnership for PlayerUnknown's Battlegrounds
- Optimize system performance with new drive adapter
- Lian Li reveals new PC-Q39 tempered glass Mini-ITX tower