Summary:
- Micron, a major semiconductor company, is investing $30 billion to build a new NAND memory facility in Singapore.
- This investment will help increase the production of NAND flash memory, which is used in a wide range of electronic devices such as smartphones, laptops, and solid-state drives (SSDs).
- The new facility is expected to create thousands of jobs and strengthen Singapore's position as a hub for semiconductor manufacturing in the region.