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

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.