Micron Technology's race to build memory-chip capacity in Singapore has become the sharpest test of the AI memory boom, after the company's shares jumped 11.9% to $811.30 on Wednesday, 11 November.

The stock has risen 25% over seven sessions, riding a broader rally in AI and memory names after stronger results from CoreWeave eased fears about data-centre spending. Fellow memory maker Sandisk rose 13.69% in the same session.

Two Singapore projects carry the trade

Two projects in Singapore now decide whether Micron can turn demand into supply. A high-bandwidth-memory packaging plant is already under construction, with first output expected in early 2027 and roughly $7 billion earmarked through the end of the decade and beyond.

A new wafer fab broke ground in January, with operations targeted for the second half of 2028 and about $24 billion planned over ten years. More than 75% of Micron's production for fiscal 2027 is already committed to customers, and the company expects supply to fall short of demand through 2027 and 2028, chief executive Sanjay Mehrotra said on the 30 September earnings call.

Prices still climbing

TrendForce expects enterprise solid-state-drive contract prices to rise 15 to 20% in the fourth quarter of 2026, with manufacturers already telling distributors of further increases for enterprise memory.

Micron closed fiscal 2026 with revenue of $54.23 billion. It has also been named for a $1 billion allocation in Anthropic's forthcoming IPO private placement. The first hard checkpoint is the start of high-bandwidth-memory production in Singapore in early 2027. AD HOC NEWS and The Motley Fool reported the details.