Micron Technology, Inc., today hosted a groundbreaking ceremony with company and Singapore government officials to begin the expansion of its Singapore NAND flash memory fabrication facility. Previously announced by the company in December, the approximate 255,000 square foot expansion will facilitate efficient implementation of 3D NAND production at the Singapore facility and give Micron the flexibility to gradually add incremental capacity. In addition, the space will enable production of storage class and other memory technologies.

With expansion construction under way, Micron expects initial manufacturing output to occur in fiscal 2017. The company currently anticipates spending approximately $50 million in fiscal 2015 for initial design and construction. At completion and subject to market conditions, Micron currently expects the total cost for this expansion to be approximately $4 billion incurred over a number of years starting in fiscal 2016. The company's capital expenditure guidance for fiscal 2015 remains unchanged at $3.6 billion to $4 billion.