Micron to Invest 10 Trillion Won in Singapore to Build HBM Factory

American memory semiconductor company Micron Technology is investing about 10 trillion won to build a high-bandwidth memory (HBM) factory in Singapore for the first time.

According to major foreign media including Bloomberg on the 8th, Micron announced that it will invest about 7 billion dollars (about 10.22 trillion won) to build an HBM packaging facility in the Woodlands area in northern Singapore.

Micron already has a NAND flash semiconductor production facility in Singapore, but this is the first time it is building a dedicated HBM factory. The factory broke ground on the day with the goal of starting operations next year. It is scheduled to be completed in 2027. The HBM produced here is planned to be supplied to Nvidia and Broadcom.

Sanjay Mehrotra, CEO of Micron, said at the groundbreaking ceremony, "Demand for artificial intelligence (AI) is surging," adding, "The solid growth of the HBM market is evidence that advanced semiconductor technology plays an important role in realizing AI."

He forecasted that the HBM market will rapidly grow from 4 billion dollars (about 5.84 trillion won) in 2023 to over 100 billion dollars (145.95 trillion won) by 2030.

It is expected that the Singapore HBM factory will initially create about 1,400 jobs and eventually increase to up to 3,000 jobs.

Recently, global advanced companies are expanding investments in Southeast Asia and other regions due to the reorganization of global supply chains caused by the U.S.'s containment of China. Vanguard International Semiconductor Group (VIS), a subsidiary of Taiwan's TSMC, and Dutch semiconductor company NXP have established a joint venture in Singapore and are investing 7.8 billion dollars (11.39 trillion won) to build a semiconductor wafer factory.

This content was produced with the assistance of AI translation services.