Micron Rises 5% on Strategic Singapore Fab Expansion Plan

Micron Technology (MU) surged 5.4% to $410.24 on January 27 after announcing plans to build a new NAND flash memory fab in Singapore, with production expected to begin in late 2028. The timing is seen as ideal by investors, as it addresses long-term supply constraints without immediately flooding the market. Analysts note that NAND demand for AI inference in data centers is driving a severe supply shortage, with Mizuho projecting a 330% price surge in 2026. The new facility, part of a $24 billion investment over the next decade, will add 700,000 square feet of cleanroom space. Mizuho raised Micron's price target to $480, implying 23% upside from prior close. The announcement also lifted shares of other NAND manufacturers including Samsung and SK Hynix.