Feeds

Micron to pump $287m into new Singapore plant

CEO gets to ring opening bell at NYSE

  • alert
  • submit to reddit

US chipmaker Micron Technology is to pump around $287 million into a flash new plant in Singapore.

The 400,000sq ft facility will be for package assembly and testing, as well as module assembly. The company expects it to be up and running early in 2002.

This will be Micron's second plant in Singapore - it already has a factory there that currently makes half its chips and has 3000 staff, around a sixth of Micron's total workforce. The Idaho-based manufacturer also has plants in the US, Italy, Japan and the UK.

The new plant is expected to hire between 500 and 1000 staff. The company, which today saw its ten-year anniversary on the New York Stock Exchange, said it chose the Singapore location due to the success of its other plant there.

Micron CEO and chairman Steve Appleton rang the opening bell for the NYSE this morning to celebrate the anniversary.

Hitachi and chip subcontractor TSMC also have facilities in Singapore. ®

Related Stories

TSMC to spend $500m on US subsidiary
Chip plants shut in Taiwan Power blow up
Singapore hit by Compaq job cull
Singapore's former PM says no to sloppy seconds

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.