Micron Breaks Ground on $24 Billion Fab in Singapore
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Massive Investment: Micron's groundbreaking for an advanced wafer fabrication facility in Singapore involves a planned investment of approximately $24 billion over the next decade, reflecting the company's long-term confidence in the semiconductor market.
- Capacity Expansion: The new facility will provide 700,000 square feet of cleanroom space, with wafer output expected to commence in the second half of 2028, aimed at meeting the surging market demand for NAND technology driven by AI and data-centric applications.
- Center of Excellence: This new fab will become an integral part of Micron's NAND Center of Excellence in Singapore, enhancing the company's production capabilities and strengthening its competitive position in the global semiconductor industry.
- Demand-Driven Growth: As AI and data center applications rapidly expand, the new facility's production will help Micron better address the growing demand for NAND technology, further solidifying its market leadership.
Analyst Views on MU
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 399.650
Low
235.00
Averages
336.12
High
500.00
Current: 399.650
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
