Micron Technology has announced a $24 billion investment in a new NAND wafer fabrication plant in Singapore, set to be completed in phases over the next decade. This move comes as the company shifts its focus towards meeting the growing demand for memory in AI applications. The plant is expected to begin shipments in the second half of 2028. This investment follows Micron's $7 billion HBM packaging plant in Singapore, highlighting the company's strategic pivot towards high-growth areas. The decision to invest heavily in AI-related memory production coincides with Micron's exit from the consumer market, including the shutdown of its Crucial brand. This shift is driven by the high demand for memory in data centers, with Micron's HBM product revenue reaching $1.98 billion in Q3 2025. The company anticipates the HBM market to grow significantly, surpassing the DRAM market by 2028. Meanwhile, consumer memory prices have surged due to tightened supply, with DDR4 prices increasing by over 150% in 2025.