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Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips
Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips

Business Times

time2 days ago

  • Business
  • Business Times

Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips

[SINGAPORE] A new will underpin Micron Technology's plans to produce advanced semiconductors needed for artificial intelligence (AI) applications. The facility, which is adjacent to Micron's existing plant in Woodlands, was announced earlier in 2025 and will initially create 1,400 jobs, with that increasing to around 3,000. Production at the plant will start in 2026, allowing the American chipmaking giant to increase its output of what are known as AI-enabling high-bandwidth memory (HBM) chips, according to Sumit Sadana, its executive vice-president and chief business officer. The chips contain several layers that make a cube able to store and process large amounts of data faster while consuming a lot less power than conventional chips. They enable graphics processing units and other accelerators made by companies such as Nvidia and AMD to process generative AI workloads at data centres. The HBM market is worth about US$35 billion, but Micron expects that it will approach US$100 billion by 2030. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up 'That's a massive amount of growth in the HBM market, and in order to meet the growth expectations that we have, we have been making plans for HBM capacity expansion,' Sadana told an online briefing on Jul 2. Micron is expanding its existing HBM output in Taiwan, but that capacity is likely to be used up quite quickly, so it will need more facilities to meet the expected demand in the coming years. 'We are rapidly going to run out of space in our facility in Taiwan. So, the Singapore facility will be very important to continue our HBM growth,' said Sadana. 'We are super excited about the AI opportunity, and Singapore will certainly have a strong role to play in a lot of the AI-based innovation that we are doing.' Micron has also announced plans to start producing HBM chips in the United States; however, the Singapore plant will be up and running by the time production there kicks off. The firm – the top memory-chip maker in the US – unveiled a 'strategic reorganisation' of its business units in April designed to capitalise on the growth driven by AI, from data centres to devices such as computers and mobile phones. The reorganisation will make the company structure more market-focused rather than product-focused. The new four business units will include a cloud memory business unit focused on large hyperscale cloud customers and HBMs for data centre customers. There will be a separate mobile and client business unit, and one for automotive, industrial and consumer segments. 'This new structure will increase our resources towards data centres and allow us to have the end-to-end capability to serve AI in all segments,' said Sadana. He said Singapore will continue to be the company's main production base of Nand flash memory chips used in solid-state drives, USB drives and mobile phones. Nand constituted 22 per cent of Micron's total revenue of US$9.3 billion in the third quarter of 2025, with turnover from data centres more than doubling year on year to hit a quarterly record. Sadana said revenue from Singapore would keep increasing, especially when HBM output starts, noting: 'That's going to be a very big positive for us to be able to leverage Singapore for HBM sales that are, you know, very high-value sales that are growing rapidly.' THE STRAITS TIMES

Osaka ready to spread her grasscourt wings after being paralysed by fear
Osaka ready to spread her grasscourt wings after being paralysed by fear

Straits Times

time2 days ago

  • Sport
  • Straits Times

Osaka ready to spread her grasscourt wings after being paralysed by fear

Tennis - Wimbledon - All England Lawn Tennis and Croquet Club, London, Britain - July 2, 2025 Japan's Naomi Osaka during her second round match against Czech Republic's Katerina Siniakova REUTERS/Stephanie Lecocq LONDON - After years of having a rather a strained relationship with Wimbledon thanks to being "paralysed by fear" at the thought of playing on tennis's fastest surface, Naomi Osaka feels she has finally found her grasscourt wings. The Japanese player, who has won all four of her Grand Slam titles on the hardcourts of Melbourne Park and Flushing Meadows, has never found her comfort zone on the green, green grass of Wimbledon, making only four previous appearances during her 10-year professional career. During those four visits to the All England Club, she won a total of just five matches, with third-round showings in 2017 and 2018 her standout performances -- hardly anything to shout about for a woman who has been ranked on top of the world. But after matching her best ever Wimbledon showing on Wednesday with an impressive 6-3 6-2 win over Czech Katerina Siniakova, who has won the Wimbledon women's doubles title three times, Osaka feels she has finally overcome the fear factor on grass. "When I was younger, I had no fear. I think when you are young, you fear nothing, and that's one of the really cool things about it," explained Osaka, now ranked 53 as she continues to try to recapture her best form after taking a maternity break in 2023. "But with age fear kind of crept along and, I guess, paralysed me in a way. Now I'm kind of just getting over that and trying to spread my wings on grass. "I think it is working, and I think I am moving pretty well. Yeah, I just hope that in years to come and hopefully this year I can do a lot better in this tournament." Top stories Swipe. Select. Stay informed. Singapore Singapore and Cambodia to expand collaboration in renewable energy, carbon markets and agri-trade World Iran's nuclear programme degraded by up to two years, Pentagon says Business Singapore factory activity ticks up to end two-month contraction as US tariffs loom World Trump announces Vietnam trade deal with 20% import tariff Life Sean 'Diddy' Combs to remain jailed ahead of sentencing, judge rules Asia Dalai Lama says only his organisation can name his successor; Beijing pushes back Opinion How Apple gave 'the gift of fire' to Chinese electronics firms Business Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips Osaka could not have picked a better year to enjoy a deep run at the tournament. Following the carnage of seeds over the first three days, the highest seeds she could meet before a potential semi-final against either world number one Aryna Sabalenka or Australian Open champion Madison Keys are number 13 Amanda Anisimova or number 30 Linda Noskova -- neither of whom are known for their grasscourt pedigree. After two straight-set victories, she will certainly fancy her chances of defeating Anastasia Pavlyuchenkova to reach the last 16 here for the first time, considering the Russian has not beaten her since 2017. "Definitely this year I feel a lot more comfortable moving on grass," said Osaka after improving her Wimbledon win-loss record to 7-4 on the day her daughter Shai was celebrating her second birthday. "I know the last couple of years I was really scared to move because when I was younger, I strained my knee or whatever. It took a couple of years to get over that but I definitely feel a lot more comfortable." REUTERS

Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips
Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips

Straits Times

time2 days ago

  • Business
  • Straits Times

Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips

Sign up now: Get ST's newsletters delivered to your inbox Production at the plant will start in 2026. SINGAPORE – A new US$7 billion (S$8.9 billion) plant being built in Singapore will underpin Micron Technology's plans to produce advanced semiconductors needed for artificial intelligence (AI) applications. The facility, which is adjacent to Micron's existing plant in Woodlands, was announced earlier in 2025 and will initially create 1,400 jobs, with that increasing to around 3,000. Production at the plant will start in 2026, allowing the American chipmaking giant to increase its output of what are known as AI-enabling high-bandwidth memory (HBM) chips, according to Mr Sumit Sadana, its executive vice-president and chief business officer. The chips contain several layers that make a cube able to store and process large amounts of data faster while consuming a lot less power than conventional chips. They enable graphics processing units and other accelerators made by companies such as Nvidia and AMD to process generative AI workloads at data centres. The HBM market is worth about US$35 billion, but Micron expects that it will approach US$100 billion by 2030. 'That's a massive amount of growth in the HBM market, and in order to meet the growth expectations that we have, we have been making plans for HBM capacity expansion,' Mr Sadana told an online briefing on July 2. Top stories Swipe. Select. Stay informed. Singapore Singapore and Cambodia to expand collaboration in renewable energy, carbon markets and agri-trade World Trump announces Vietnam trade deal with 20% import tariff Singapore From camping to mentorship, Singapore Scouts mark 115th anniversary of the youth movement Singapore Ong Beng Seng's court hearing rescheduled one day before he was expected to plead guilty World Sean 'Diddy' Combs convicted on prostitution counts but cleared of more serious charges Singapore Teen, 17, to be charged with allegedly trespassing on MRT tracks Singapore Granddaughter of Hin Leong founder O.K. Lim fails to keep 3 insurance policies from creditors' reach Singapore Man on trial for raping drunken woman after offering to drive her and her friend home Micron is expanding its existing HBM output in Taiwan, but that capacity is likely to be used up quite quickly, so it will need more facilities to meet the expected demand in the coming years. 'We are rapidly going to run out of space in our facility in Taiwan. So, the Singapore facility will be very important to continue our HBM growth,' said Mr Sadana. 'We are super excited about the AI opportunity, and Singapore will certainly have a strong role to play in a lot of the AI-based innovation that we're doing.' Micron has also announced plans to start producing HBM chips in the United States; however, the Singapore plant will be up and running by the time production there kicks off. The firm – the top memory-chip maker in the US – unveiled a 'strategic reorganisation' of its business units in April designed to capitalise on the growth driven by AI, from data centres to devices such as computers and mobile phones. The reorganisation will make the company structure more market-focused rather than product-focused. The new four business units will include a cloud memory business unit focused on large hyperscale cloud customers and HBMs for data centre customers. There will be a separate mobile and client business unit, and one for automotive, industrial and consumer segments. 'This new structure will increase our resources towards data centres and allow us to have the end-to-end capability to serve AI in all segments,' said Mr Sadana. He said Singapore will continue to be the company's main production base of Nand flash memory chips used in solid-state drives, USB drives and mobile phones. Nand constituted 22 per cent of Micron's total revenue of US$9.3 billion in the third quarter of 2025, with turnover from data centres more than doubling year on year to hit a quarterly record. Mr Sadana said revenue from Singapore would keep increasing, especially when HBM output starts, noting: 'That's going to be a very big positive for us to be able to leverage Singapore for HBM sales that are, you know, very high-value sales that are growing rapidly.'

Wells Fargo Maintains Buy Rating on Applied Materials (AMAT), Keeps PT Steady
Wells Fargo Maintains Buy Rating on Applied Materials (AMAT), Keeps PT Steady

Yahoo

time29-05-2025

  • Business
  • Yahoo

Wells Fargo Maintains Buy Rating on Applied Materials (AMAT), Keeps PT Steady

On May 23, analyst Joseph Quatrochi from Wells Fargo maintained a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) while keeping the price target of $200. The reiteration comes after the company released fiscal second quarter results for 2025 on May 15. A technician in a clean room assembling a semiconductor chip using a microscope. Applied Materials, Inc. (NASDAQ:AMAT) delivered $7.10 billion in revenue reflecting 7% year-over-year growth. Notably, the EPS grew 14% during the same time to $2.39 surpassing analyst expectations by $0.08. Management reported the quarter to be driven by increased demand for AI-enabling semiconductors. Analyst Joseph Quatrochi highlighted the growth was driven by increased revenue contributions from major clients including Samsung and TSMC. Samsung's quarterly revenue contribution increased 65% year-over-year, whereas TSMC contributed 21% to the company's total revenue, reflecting a 150% increase during the same time. In addition, Quatrochi noted that despite revenue declining in some areas, excluding contributions from major clients, the overall financial health of Applied Materials Inc. (NASDAQ:AMAT) remains strong. The company anticipates third-quarter revenue to be around $7.2 billion with an EPS between $2.15 to $2.55. While we acknowledge the potential of AMAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMAT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Big Nvidia earnings drop today — will the stock soar or sink? Traders weigh in
Big Nvidia earnings drop today — will the stock soar or sink? Traders weigh in

Time of India

time28-05-2025

  • Business
  • Time of India

Big Nvidia earnings drop today — will the stock soar or sink? Traders weigh in

Nvidia's upcoming earnings report, due after Wednesday's market close, is anticipated to significantly impact the stock market. Options data suggests a potential 6% swing in Nvidia's stock price, potentially reaching a 4-month high or slightly above levels seen after US-China tariff negotiations. Tired of too many ads? Remove Ads Nvidia Stock Could Swing Up or Down Nvidia's Analysts' Expectation Tired of too many ads? Remove Ads Tough Track Record With Investors FAQs After Nvidia posts its quarterly earnings report after the markets close on Wednesday, the entire stock market may feel the impact, as per analysis of options pricing data suggests Nvidia's stock could move about 6% in either direction by the end of the week, reported Investopedia. The stock movement would put the AI chipmaker's share price at either $143.92, which is a 4-month high, or $127.09, which is slightly above where it closed after the United States and China negotiated to lower tariffs on each other's imports, as per the second-most valuable company's shares jumped almost 25% last month, bringing the stock up about 1% for the year, according to Investopedia. Technical analysis has pointed to bullish momentum heading into Wednesday's results of the company, as per the READ: Thought U.S. and EU drones were superior? Russia unleashes drones that fly higher and faster — here's all about them According to Investopedia, analysts expect Nvidia to report around 66% revenue growth and 40% earnings growth for the latest quarter. As per the analysts tracked by Visible Alpha, two analysts recommend buying the Nvidia stock, reported Investopedia. The analysts' average price target of $164 would be about 25% upside from Friday's close, as per the it has been one year since Nvidia shares increased after it announced a quarterly report, as per Investopedia. The AI chipmaker's stock rose over 9% in May 2024 as the firm exceeded earnings expectations and had also announced the 10-for-1 stock split, which led it to join the blue-chip Dow Jones Industrial Average, according to the Nvidia has consistently beaten earnings estimates since then, but, it has still failed to impress investors, as per Investopedia. Nvidia's shares dropped after each of the company's three latest earnings reports, including about a 9% fall in February, even though "the results contained ample evidence that demand for its AI-enabling chips remained as strong as ever," reported the markets close on Wednesday, May 6% in either direction by the end of the week, based on options pricing.

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