Micron's US$150b global expansion plan aims to capture demand for memory

EVEN if the pandemic eases and demand for the chips used inside cars and work-from-home gears revert to pre-Covid levels, the memory and storage space will continue to grow exponentially, according to Manish Bhatia, executive vice-president of global operations at semiconductor giant Micron Technology.

Micron had on Wednesday (Oct 20) announced its intent to invest more than US$150 billion globally over the next decade to boost memory manufacturing as well as research and development.

Memory and storage are a growing portion of the global semiconductor industry, and today represent around 30 per cent of the semiconductor market. Secular growth drivers such as 5G and artificial intelligence (AI) are expected to expand usage of memory and storage in areas like automotive and various user devices.