New York, January 28, 2026, 09:33 EST — Regular session
- Micron shares were set to rise roughly 3% at the open, following a 5.4% jump the previous day
- Company announced it has started construction on a new wafer fab in Singapore connected to its NAND expansion
- Chip stocks mostly gained ground ahead of the Fed decision and key megacap tech earnings
Micron Technology, Inc. shares climbed another 3% in early trading Wednesday, following a 5.4% gain Tuesday that pushed the stock to $410.24. (Public)
Micron is pushing ahead with a roughly $24 billion investment over the next decade to build a cutting-edge wafer fabrication plant in Singapore. The company kicked off construction at its current NAND manufacturing site, aiming to ramp up wafer production by the latter half of 2028. (Micron Technology)
Why it matters now: Investors are betting on a memory surge, expecting tight supply to meet rising demand from AI servers and data centers. NAND flash memory—the kind used in storage devices—is at the heart of the debate. Mizuho’s Vijay Rakesh described the market as “desperate” for more capacity and raised his price target to $480, MarketWatch reported. (MarketWatch)
Micron gained momentum from a wider chip rally following record quarterly profits at South Korea’s SK Hynix and strong order numbers from ASML, as investors anticipated the Federal Reserve’s rate decision later in the day. (Reuters)
Micron described the Singapore facility as a long-term play. “This investment underscores Micron’s long-term commitment to Singapore,” Manish Bhatia, executive vice president of global operations, said in the company statement. (Micron Technology)
Singapore officials, keen to strengthen the city-state’s position in chip supply chains, announced the expansion will generate roughly 1,600 jobs in fab engineering, operations, and “advanced robotic automation,” according to The Business Times. (The Business Times)
Micron’s Singapore facility will also tackle high-bandwidth memory (HBM), the stacked DRAM chips paired with AI processors for quicker data transfer. According to Investor’s Business Daily, the HBM advanced packaging plant there should make a significant supply impact by 2027. (Investors)
Analysts say Micron is walking a fine line—boosting future output while avoiding a repeat of the chip sector’s notorious boom-bust swings. Barron’s noted Micron’s emphasis on “cautious capacity expansion” despite growing demand. (Barron’s)
That said, the risk remains. Memory prices can swing sharply, new fabs take years to scale up, and a surge in capacity from competitors like Samsung Electronics and SK Hynix could squeeze margins if demand falters or clients work through excess stock.
Traders are set to focus on the Fed’s messaging and a batch of major tech earnings after the close, searching for clues on AI spending. That’s a major factor now shaping the semiconductor sector — and Micron’s stock price. (Barron’s)
