<div id="readability-page-1"><div>[SINGAPORE] Sembcorp Industries on Wednesday (Jan 28) said that its wholly owned subsidiary Sembcorp Power will supply memory chip giant Micron with an additional 150 megawatts (MW) of power to support its “growing operations”.The chipmaker broke ground on a Woodlands facility a day earlier, as part of a 10-year expansion plan worth US$24 billion. The plant aims to capture rising demand for Nand memory used in artificial intelligence (AI) workloads and data processing.Sembcorp said it has been “supplying up to 450 MW of power to Micron’s Singapore production facilities” as part of an existing power purchase agreement. The added capacity will not change the agreement’s original 18-year term through 2041.“Sembcorp is supporting the continued build-out of advanced semiconductor manufacturing capabilities that underpin the global AI ecosystem,” it added.The agreement is “not expected to have a material impact” on Sembcorp’s earnings per share and net tangible asset per share for FY2026 ending Dec 31.Liquefied natural gas prices are expected to fall to two-decade lows by 2027, based on Morgan Stanley estimates, helping Asia to achieve about US$100 billion in energy cost savings. Sembcorp was flagged as one prime beneficiary of this trend, with the bank highlighting it in its “Most Preferred” list of energy equities.Shares of Sembcorp fell 0.2 per cent or S$0.01 to close at S$5.92 on Wednesday, before the announcement.</div></div>

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Sembcorp Industries announced that its subsidiary, Sembcorp Power, will supply an additional 150 MW of power to Micron to support its expansion in AI-related operations. This follows Micron's groundbreaking for a new facility as part of a $24 billion expansion plan. Sembcorp currently supplies up to 450 MW under an existing agreement, which remains unchanged. The deal is not expected to significantly impact Sembcorp's earnings for FY2026. Additionally, falling liquefied natural gas prices may benefit Sembcorp, which is highlighted as a preferred energy equity by Morgan Stanley.

- Sembcorp Industries announced it will provide an additional 150 megawatts of power to Micron to support its expansion, which is part of a 10-year, US$24 billion plan.  
- The new power capacity is part of an existing agreement supplying up to 450 MW, and will not alter the 18-year contract set to last until 2041.  
- While this agreement is not expected to materially impact Sembcorp's earnings, the company is positioned to benefit from declining liquefied natural gas prices projected for 2027.

Sembcorp expands Micron power deal to support AI growth