William Blair notes that Micron (MU) announced that it plans for a $24B investment in an advanced wafer fabrication facility in Singapore over 10 years to bring online 700,000 square feet of cleanroom capacity. With NAND supply remaining tight and pricing seeing significant increases, the analyst does not anticipate this development to materially impact Micron’s near-term prospects and the firm maintains its Outperform rating on Micron shares.
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