Micron's announcement

The news comes amid an industry scramble to build AI infrastructure that has left sectors from consumer electronics to AI service providers battling a severe scarcity of all types of memory chips.The Singapore facility will be a long-term investment that will help meet rising demand for NAND memory, but the company expects wafer production to start in the second half of 2028. The plant will be huge, with more than 700,000 square feet of cleanroom space.Most of Micron's flash memory is already made in Singapore, where it is also building a $7 billion packaging plant for high-bandwidth memory used in AI chips, set to begin production in 2027.
The SSD apocalypse is looming on the horizon
Analysts warn that memory shortages could last until late 2027, even as Micron and rivals like Samsung and SK Hynix push ahead with new capacity. With demand running ahead of supply, enterprise SSD prices are expected to jump sharply in the coming months as well.This could drive prices of consumer electronics higher. Meanwhile, SK Hynix plans to open a new factory in Yongin, South Korea, three months earlier than planned and start production at another fab in Cheongju next month to meet rising global memory demand. That's nice and all, but don't be surprised if phone prices do skyrocket (which could make the smartphone market sag in 2026) in the near future. That's why we said 2026 is the year to buy old phones.What's the price hike on flagships that you're willing to accept?