New York, January 27, 2026, 09:32 EST — Regular session
- Micron shares were indicated up roughly 4% before the open, following news of a $24 billion expansion in Singapore
- The plan expands wafer capacity for NAND, the storage chip found in phones and data centers
- Traders are eyeing Thursday’s updates from Samsung and SK Hynix for clues on next-gen HBM supply
Micron Technology’s shares were up 4.3% in premarket action Tuesday, trading at $405.78, following news of a roughly $24 billion, 10-year plan to boost manufacturing in Singapore. The stock had ended Monday down 2.6% at $389.09. (MarketScreener)
Why it matters now: With AI computing ramping up, chipmakers and their clients are hunting for memory, driving demand throughout the supply chain. Micron reports that Singapore already churns out 98% of its flash memory and is investing $7 billion in a new advanced packaging facility there. This site will focus on high-bandwidth memory (HBM), the stacked chips paired with AI processors. (Reuters)
Supply constraints are pushing prices upward. TrendForce analyst Bryan Ao noted that enterprise solid-state drive contracts—the premium storage for data centers—are set to jump 55% to 60%. He added that demand for high-performance storage is “growing much faster than expected.” (Reuters)
Micron announced its new advanced wafer fabrication plant will eventually offer 700,000 square feet of cleanroom space, with wafer production set to start in the second half of 2028. Manish Bhatia, Micron’s executive VP of global operations, described the investment as a sign of the company’s “long-term commitment to Singapore.” The firm also emphasized it will adjust the pace of capacity expansion in line with demand. (Micron Technology)
A separate regulatory filing offered fresh insight for investors tracking the stock’s momentum. A Form 4 submitted on Jan. 26 revealed that Bhatia sold several tranches totaling 26,623 shares on Jan. 22, with prices roughly between $388 and $396. (Micron Technology)
Competition remains fierce. Reuters reported this week that Samsung Electronics is gearing up to begin production of next-generation HBM4 chips for Nvidia as early as next month. The move aims to close the gap with SK Hynix in a market where supply availability quickly shifts sentiment. Both Samsung and SK Hynix will release quarterly results on Thursday, expected to shed more light on HBM4 order flows. (Reuters)
Micron traders know the drill: capacity expansions bolster the long-term growth case, yet every new production line sparks fresh doubts about who will dominate pricing when the next downturn hits.
The risk is clear-cut. Memory markets run in cycles, and big capacity expansions often overshoot demand once spending slows. Barron’s highlighted Micron’s push to dodge the familiar trap of supply gluts and price drops that have plagued the sector before. (Barron’s)
The next catalysts are near. Traders will scrutinize Thursday’s updates from Samsung and SK Hynix for clues on HBM supply and pricing leverage. Micron’s earnings, meanwhile, are slated for mid-March, per the Yahoo Finance earnings calendar. (Yahoo)
