Micron Technology Inc. will inject an additional $24 billion in Singapore over the next decade to expand its manufacturing capabilities amid an AI-induced memory chip shortage. The Boise, Idaho-based chipmaker will use the funding to build a new facility for NAND, according to a company statement. NAND is a replacement for hard disk drive storage with faster access speeds that’s grown in demand wi...
Micron Technology Inc. will inject an additional $24 billion in Singapore over the next decade to expand its manufacturing capabilities amid an AI-induced memory chip shortage. The Boise, Idaho-based chipmaker will use the funding to build a new facility for NAND, according to a company statement. NAND is a replacement for hard disk drive storage with faster access speeds that’s grown in demand with the AI infrastructure build-out. The new investment will create around 1,600 jobs, and wafer output is scheduled to begin in the second half of 2028, the company said Tuesday. The global memory market is dominated by Micron and its two South Korean rivals SK Hynix Inc. and Samsung Electronics Co. The three have prioritized production of high-end chips needed to build AI infrastructure and shifted resources away from memory chips for other segments. Since last year, PC firms and smartphone makers have warned about memory chip shortages hurting their businesses. To mitigate what Micron says is an unprecedented supply crunch, the US company just broke ground on a $100 billion facility in New York state, and recently announced plans to pay $1.8 billion for a facility in Taiwan. In early 2025, Micron announced a $7 billion investment over the next several years to expand its manufacturing footprint in Singapore to meet demand for advanced memory chips required to train artificial intelligence. The US chipmaker has long relied on Taiwan, Singapore and Japan as its key production bases.
US memory chipmaker Micron Technology plans to invest$24 billion to build a new NAND chip fabrication facility in Singapore , Deputy Prime Minister Gan Kim Yong said on Tuesday.In his speech at the company's groundbreaking ceremony, Gan said the facility represents a major commitment to additional capacity and advanced capabilities.Reuters reported earlier on Tuesday that Micron is set...
US memory chipmaker Micron Technology plans to invest$24 billion to build a new NAND chip fabrication facility in Singapore , Deputy Prime Minister Gan Kim Yong said on Tuesday.In his speech at the company's groundbreaking ceremony, Gan said the facility represents a major commitment to additional capacity and advanced capabilities.Reuters reported earlier on Tuesday that Micron is set to announce new memory chip investment plan in Singapore.
US natural gas fell as traders took profits after prices shot up nearly 30% on Monday as freezing temperatures covering vast swathes of the country pushed up heating demand. Contracts for February delivery declined as much as 2.9% to $6.605 per million British thermal units in early Asian trading on Tuesday. Gas has surged more than 117% in the five days through Monday, the biggest such gain in da...
US natural gas fell as traders took profits after prices shot up nearly 30% on Monday as freezing temperatures covering vast swathes of the country pushed up heating demand. Contracts for February delivery declined as much as 2.9% to $6.605 per million British thermal units in early Asian trading on Tuesday. Gas has surged more than 117% in the five days through Monday, the biggest such gain in data going back to 1990. Freezing weather is sweeping across much of the US, putting strain on electricity grids and driving up demand for the heating and power-plant fuel. The storm knocked out about 12% of the country’s natural gas production, limiting supplies to power plants and home furnaces that burn the fuel. Read More: Power Grid for 67 Million at Risk as Deep Freeze Follows Storm PJM Interconnection LLC , the operator of the largest US grid that serves 67 million people from New Jersey to Chicago, declared a level-1 emergency for Tuesday, which means every power plant that serves the region is required to be ready to run at full capacity. The winter storm is also coinciding with the February contract’s expiration on Wednesday, leaving liquidity relatively thin and amplifying the impact on front-month futures. The more actively traded March contract dropped as much as 2.8% to $3.790 per million Btu on Tuesday.
Written by Emily J. Thompson , Senior Investment Analyst Source: Newsfilter MU $ 389.09 + Infinity % 1D 1D 5D 1M 3M 6M YTD 1Y 5Y 1D Line Candle Analyst Views on MU Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. H...
Written by Emily J. Thompson , Senior Investment Analyst Source: Newsfilter MU $ 389.09 + Infinity % 1D 1D 5D 1M 3M 6M YTD 1Y 5Y 1D Line Candle Analyst Views on MU Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals. 26 Analyst Rating Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals. 24 Buy 2 Hold 0 Sell Strong Buy Current: 399.650 Low 235.00 Averages 336.12 High 500.00 Current: 399.650 Low 235.00 Averages 336.12 High 500.00 William Blair William Blair Outperform initiated 2026-01-22 New Reason William Blair William Blair Price Target AI Analysis 2026-01-22 New initiated Outperform Reason William Blair initiated coverage of Micron with an Outperform rating and no price target. The firm says the memory "supercycle" is driving record profitability for Micron. The company servers as one of the three major global memory suppliers and access to memory has "become a key bottleneck" in AI racks and systems, the analyst tells investors in a research note. Blair believes Micron will benefit from significant selling price growth and higher margin products. It expects the company to grow non-GAAP earnings over 275% over the next two years. Stifel Brian Chin Buy maintain $300 -> $360 2026-01-20 Reason Stifel Brian C...
Market Snapshot USD/INR ₹91.96 +0.4% Nifty 50 Index 25,048.65 -1.0% India 10-Year Bond Yield 6.66% -0.01 Spot Gold ($/oz) $5,078.59 +1.4% S&P 500 Futures 6,993.00 +0.2% Market data as of 08:12 AM IST, Jan. 27, 2026. Data is subject to provider delays. Good morning... This is Alex Gabriel Simon, an equities reporter in Mumbai. Indian traders will have their hands full as they return to work after a...
Market Snapshot USD/INR ₹91.96 +0.4% Nifty 50 Index 25,048.65 -1.0% India 10-Year Bond Yield 6.66% -0.01 Spot Gold ($/oz) $5,078.59 +1.4% S&P 500 Futures 6,993.00 +0.2% Market data as of 08:12 AM IST, Jan. 27, 2026. Data is subject to provider delays. Good morning... This is Alex Gabriel Simon, an equities reporter in Mumbai. Indian traders will have their hands full as they return to work after a three-day weekend. Shares of Adani firms — which slumped on Friday as US regulators sought to advance a fraud case against the conglomerate’s billionaire chairman — are a big focus. Volatility may be the order of the day as investors react to corporate results released since the close of markets last week (more in the Stocks to Watch section), while parsing earnings from key names such as Asian Paints and Tata Consumer. Further, the European Union and India are set to announce an agreement on a long-awaited trade deal on Tuesday, and there’s the Union Budget on Feb. 1. Meanwhile, trade tensions are back on the radar after US President Donald Trump threatened to hike tariffs on goods from South Korea to 25%. Focus is also on the Federal Reserve, which is expected to pause its rate cuts when it announces its policy on Wednesday. India bulls will be hoping that early gains in Asian stocks and the dollar’s recent weakness can bring some respite. In today’s newsletter, we write about: The legal issues troubling the Adani Group Early signs of India’s economic revival The silver surge that’s reshaping metals rankings But first, let’s look at how the IPO boom is showing signs of cooling. Markets Buzz: Indian IPOs Stumble Just like the secondary market, India’s IPO space has started 2026 on a weak note. Just three sizeable offerings have raised a combined $440 million so far in January, set to be the lowest tally in seven months, according to data compiled by Bloomberg. Weakness in local equities has put more than 100 approved offerings on hold, limiting investment choices for reta...
(RTTNews) - Eagle Financial Services Inc. (EFSI) revealed earnings for fourth quarter that Drops, from last year The company's earnings came in at $4.33 million, or $0.81 per share. This compares with $6.19 million, or $1.74 per share, last year. Excluding items, Eagle Financial Services Inc. reported adjusted earnings of $4.33 million or $0.81 per share for the period. The company's revenue for t...
(RTTNews) - Eagle Financial Services Inc. (EFSI) revealed earnings for fourth quarter that Drops, from last year The company's earnings came in at $4.33 million, or $0.81 per share. This compares with $6.19 million, or $1.74 per share, last year. Excluding items, Eagle Financial Services Inc. reported adjusted earnings of $4.33 million or $0.81 per share for the period. The company's revenue for the period fell 1.3% to $21.74 million from $22.02 million last year. Eagle Financial Services Inc. earnings at a glance (GAAP) : -Earnings: $4.33 Mln. vs. $6.19 Mln. last year. -EPS: $0.81 vs. $1.74 last year. -Revenue: $21.74 Mln vs. $22.02 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
"Sleep Tight, America. We Got This": NatGas And Coal Power Plants Prevented Grid Collapse During Historic Winter Blast Submitted by Criterion Research President James Bevan, Winter Storm Fern's Arctic blast from January 21-26 provided clear data on generation dispatch patterns during extreme cold weather events. The storm stressed multiple U.S. power grids, such as PJM and ERCOT and demonstrated t...
"Sleep Tight, America. We Got This": NatGas And Coal Power Plants Prevented Grid Collapse During Historic Winter Blast Submitted by Criterion Research President James Bevan, Winter Storm Fern's Arctic blast from January 21-26 provided clear data on generation dispatch patterns during extreme cold weather events. The storm stressed multiple U.S. power grids, such as PJM and ERCOT and demonstrated the operational characteristics of different generation types under peak winter demand conditions. As the cold rolled in - Criterion's pipeline data showed huge increases in deliveries to gas-fired power plants. That included dozens of active plants hitting all-time highs, along with a huge amount of peaking capacity firing online to help keep the grid stable. We analyzed the top 20 interstate gas power meters by net change versus seven days ago to see what meter stations ramped up the most over that time. Thirteen of the top 20 meters had zero or near-zero baselines 7 days ago, indicating these delivery points were barely being… pic.twitter.com/SMXwUtMu5L — Criterion Research (@PipelineFlows) January 25, 2026 Gas & Coal Step Up Amidst High Demand During peak demand periods in PJM - the nation's largest grid operator - thermal and nuclear generation dominated the dispatch stack. As the cold conditions arrived, natural gas provided 43% of generation and coal contributed 23%, while wind and solar fell to a combined 3-4% of the total fuel mix. PJM wind levels fell to month-to-date lows over the weekend as load intensified, fading to a mere 2,142 MW on Saturday as gas burns ramped to 55,655 MW (a seasonal high). Solar is already a limited part of the PJM fuel mix, and its output of 2,372 MW on Saturday had limited impacts vs thermal, and solar dropped even further yesterday, with output at a low of 442 MW. In ERCOT, the grid maintained operating reserves above 11,000 MW throughout the event. The thousands of natural gas facilities that underwent weatherization and inspection pro...