NEW YORK, Jan 27, 2026, 05:09 EST — Premarket
- Micron shares climbed before the open following its announcement of a long-term capacity expansion in Singapore.
- Traders are juggling concerns over tighter memory supply with the typical risk that the cycle shifts as new fabs start production.
Micron Technology’s stock jumped roughly 4% in premarket trade Tuesday. The U.S. memory chip giant announced plans to pour about $24 billion into expanding its manufacturing footprint in Singapore over the next decade. Wafer production is slated to start in the latter half of 2028.
The spending hits a market already tight on memory chips, with AI data-center expansions pushing more components through the supply chain. TrendForce analyst Bryan Ao expects contract prices for enterprise solid-state drives to climb 55% to 60%, noting, “The market’s demand for high-performance storage equipment has been growing much faster than expected.” Reuters
NAND, the “flash” memory, handles storage across devices—from phones to data-center drives. DRAM serves as the working memory inside servers and PCs. Then there’s high-bandwidth memory, or HBM, a stacked DRAM variant placed alongside AI processors to deliver data at higher speeds.
Micron announced its new wafer fabrication plant will be located within its current NAND manufacturing site in Singapore, offering roughly 700,000 square feet of cleanroom space once completed. “Micron’s leadership in advanced memory and storage is enabling the AI-driven transformation reshaping the global economy,” said executive vice president Manish Bhatia. Jermaine Loy, managing director of the Singapore Economic Development Board, added that “Micron’s latest expansion will strengthen our semiconductor ecosystem.” Micron Technology
Micron stock ended Monday at $389.09. Early trading showed the shares near $405 before the bell, market data revealed.
A regulatory filing revealed that Bhatia offloaded 26,623 Micron shares on Jan. 22, with weighted average prices between $388.78 and $395.87. After these sales, he still holds 323,486 shares.
The familiar risk resurfaces: a flood of new supply could flip today’s tight market into a surplus next year, slashing prices and margins quickly. Micron said it plans to stay flexible on how fast it ramps up capacity to match demand.
In the upcoming session, traders will be watching if the early bid sticks when volume picks up, and if the rally spreads to other memory stocks. The next key event is Micron’s earnings report, scheduled for March 19 after the close according to MarketBeat calendars, although Micron has yet to confirm the date.
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