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The latest announcement is out from Sembcorp Industries ( (SG:U96) ).
Sembcorp Industries has expanded its long-term power purchase agreement with Micron Semiconductor Asia Operations, increasing contracted power supply to Micron’s Singapore production facilities by 150MW on top of the existing 450MW, while maintaining the original 18-year term through 2041. The enlarged supply underpins Micron’s growing semiconductor manufacturing operations that support the global AI ecosystem, deepens the strategic relationship between the two companies, and bolsters Singapore’s positioning as a leading semiconductor hub, although Sembcorp does not expect the deal to have a material impact on its 2026 financial metrics.
The most recent analyst rating on (SG:U96) stock is a Hold with a S$7.00 price target. To see the full list of analyst forecasts on Sembcorp Industries stock, see the SG:U96 Stock Forecast page.
More about Sembcorp Industries
Sembcorp Industries is a Singapore-based energy and urban solutions provider, with its wholly owned subsidiary Sembcorp Power Pte Ltd supplying large-scale power to industrial customers. The company focuses on long-term power purchase agreements and infrastructure that support key sectors such as advanced manufacturing and technology, reinforcing Singapore’s role as a regional industrial and semiconductor hub.
Average Trading Volume: 4,375,204
Technical Sentiment Signal: Buy
Current Market Cap: S$10.61B
For a thorough assessment of U96 stock, go to TipRanks’ Stock Analysis page.