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Micron’s $24B Singapore Expansion Triggers 3% Stock Drop Amid Strategic Pivot

Micron’s $24B Singapore Expansion Triggers 3% Stock Drop Amid Strategic Pivot

Author:

Global Cryptocurrency

Published:

2026-01-27 06:41:02

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BTCCSquare news:

Micron Technology Inc. (MU) shares fell nearly 3% following its announcement of a $24 billion Singapore investment for NAND production capacity. The facility targets 2028 operational readiness, with 1,600 jobs created—a long-term bet on enterprise demand over consumer markets.

Analysts note the MOVE aligns with Micron's $100 billion New York and $1.8 billion Taiwan expansions to address AI-driven memory shortages. Market reaction reflects skepticism about capital allocation timing as chipmakers navigate supply chain recalibration.

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