Mike Sheppard

Well, it's looking at Singapore, Ed, and this is over a 10-year period, a $24 billion investment there.

And what they're looking at specifically is so-called NAND memory.

And this is something that is in demand to meet the needs of artificial intelligence chips and processors more broadly.

And it's an area of focus because for AI, the memory needs are enormous and they are not fully being met.

Of course, Micron competes with Samsung and SK Hynix in this memory market.

And all three companies have warned of increasingly tight supplies.

And the supply issue also has spillover effects that it actually touches on smartphone makers and PC makers, too, because as those companies that we just mentioned,

shift their efforts to meet the needs of the AI data centers, the areas for PCs and smartphones risk going wanting in the SSD-type memory and flash memory that is needed for those kinds of devices.

So we're seeing that expansion by Micron.

This just comes at less than two weeks after Micron cut the ribbon on a $100 billion plant in upstate New York, one that's been a couple of years in coming.

So we are watching to see how much more these companies are going to be investing, not only in Asia, but also in the U.S.

as well.

Well, that's right.

And I'm glad you brought that up, Carol, because we saw the news yesterday.

We all followed it so closely on this plan by Microsoft to introduce a new generation of its Maya AI chip, the Maya 200.

And a local business paper in South Korea, the Meili Business Newspaper, is reporting that as many as six SK Hynix HBM3E units were

will go into each Maya processor.

We don't know how many of these Maya 200 processors Microsoft will ultimately have produced for its needs, for its data centers, and for other customers as well.

But the promise is big, and it signals that there could be a lot of demand for this HBM3E processor that SK Hynix has developed to meet those AI memory needs, and it could be something else.

Now, you mentioned