8-K Filing: Micron Technology To Spend $50M On Singapore Plant In FY 2015, CapEx View Remains Unchanged

BZ NOTE:
From 8-K:

• Micron Technology, Inc. (the “Company”) plans to add approximately 255,000 square feet of clean room space to its fabrication facility in Singapore. This expansion would facilitate efficient implementation of 3D NAND production at the Singapore facility and give the Company the flexibility to gradually add incremental capacity in response to market requirements. In addition, the space would enable production of storage class and other memory technologies. Construction of the additional space is expected to begin in fiscal 2015 with initial manufacturing output likely 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, the Company 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 spending guidance for fiscal 2015 remains unchanged at $3.6 billion to $4 billion.