Micron, FAT Brands and TRG Int’l Announce Major Moves

Micron commits $24 billion to new Singapore memory fab

Micron Technology has broken ground on a major new wafer fabrication facility in Singapore, committing a planned investment of approximately US$24 billion (S$31 billion) over 10 years. The fab, located within Micron’s existing NAND manufacturing complex, is designed to ultimately provide 700,000 square feet of cleanroom space, with wafer output scheduled to begin in the second half of calendar 2028.

Micron said the facility will support long-term demand for NAND storage technology driven by rapid growth in AI and data-centric applications. The new fab will form part of Micron’s NAND Center of Excellence in Singapore, co-locating R&D and manufacturing to improve efficiency, accelerate time-to-market and deepen partnerships with industry and academia.

The company noted that its previously announced high-bandwidth memory advanced packaging plant, also in the same Singapore complex, remains on track to contribute meaningfully to Micron’s HBM supply in calendar 2027. Micron expects synergies between NAND and DRAM production at the site and said it will maintain flexibility in ramping capacity in the new facility to align with market conditions.

Separately, sources told Reuters that Micron is set to announce additional memory manufacturing capacity investments in Singapore focused on NAND flash. The move comes as global industries, including consumer electronics and AI service providers, face what was described as a severe shortage of memory chips. Micron currently manufactures 98% of its flash memory chips in Singapore and is also building a US$7 billion high-bandwidth memory packaging plant there due to start production in 2027.

FAT Brands enters Chapter 11 while restaurants continue to trade

FAT Brands Inc. has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, seeking to deleverage its balance sheet and "maximize value" for stakeholders while supporting growth across its portfolio. The company owns 18 restaurant concepts with more than 2,200 locations worldwide, including brands such as Fatburger, Johnny Rockets and Round Table Pizza.

FAT Brands said its restaurants are expected to operate as usual during the Chapter 11 process, with the group continuing to serve customers and support over 45,000 corporate and franchise employees. Trading in FAT Brands’ securities on Nasdaq is expected to continue, with a “Q” suffix applied during the bankruptcy period.

Chief executive Andy Wiederhorn said the company’s portfolio had shown resilience and that the restructuring would provide an opportunity to strengthen its capital structure and support long-term profitability and growth. FAT Brands has engaged Latham & Watkins as legal counsel, GLC Advisors as investment banker, Huron Consulting Services as financial advisor and Omni Agent Solutions as claims and noticing agent. Case information is being made available via a dedicated Omni website.

TRG International advances enforcement against ex-chairman

TRG International announced that the Bermuda Supreme Court has ordered the transfer of all shares held in the company by former chairman Zia Chishti to a court-appointed receiver for sale, with proceeds to be applied toward an outstanding arbitration award. The arbitration award, exceeding US$9 million, was issued on April 22, 2025 in connection with what was found to be an unlawful pledge of shares in TRG Pakistan Limited for a loan from JS Bank.

The Bermuda court recognized the award in July 2025 and overruled Chishti’s objections in October 2025 before issuing the January 19, 2026 transfer order. TRG International has also pursued enforcement in the United States and Pakistan, targeting Chishti’s assets including his shares in PSX-listed TRG Pakistan Limited. The U.S. District Court for the Southern District of New York confirmed the award in June 2025 and in January 2026 found that Chishti had transferred assets after the award with "actual intent to defraud TRG-I"; the recipient of those transfers has since paid US$1.2 million to his creditors.

Proceedings in Pakistan’s Sindh High Court to enforce the award against assets in Pakistan were initiated in May 2025 and reserved for judgment in November 2025. TRG International described itself as a global technology holding company with a portfolio supporting approximately 40,000 employees and said it remains focused on governance and sustainable development across its holdings.

Berkshire Hathaway signals potential exit from Kraft Heinz

Kraft Heinz disclosed in an early-January SEC filing that Berkshire Hathaway, now led by CEO Greg Abel, may sell up to its entire 325,442,152-share stake in the food group. The holding stems from the 2015 Kraft–Heinz merger, a high-profile deal under Warren Buffett that created the combined company. A full exit would mark a rare reversal of a major Buffett-era investment.

Analysis from Simply Wall St noted that the filing may signal Abel’s willingness to recycle capital out of legacy or lower-conviction holdings. Commentators said this could modestly increase Berkshire’s financial flexibility but also raises questions about future portfolio turnover and tax leakage. The share-price reaction around the disclosure was described as contained, suggesting investors did not view this single move as changing the overall Berkshire thesis, but it has added to debate about capital allocation style in a “post‑Buffett” era.

Berkshire’s investment narrative was characterized as centered on a large collection of operating businesses and equity holdings, run with a conservative balance sheet and long-term orientation. Key near-term swing factors identified included how Abel deploys Berkshire’s sizeable cash, the performance of its insurance operations and the potential resumption of share buybacks after several quiet quarters.