Micron Technology, Inc. entered into a Letter of Intent to acquire Powerchip Semiconductor Manufacturing Corporation’s P5 fabrication site in Tongluo, Miaoli County, Taiwan, for a total cash consideration of US$1.8 billion. The deal includes a 300‑mm cleanroom covering 300,000 sq ft, adding significant high‑volume DRAM capacity to Micron’s Taiwan operations.
The acquisition expands Micron’s Taiwan footprint, complementing its existing Taichung facility and positioning the company to meet the accelerating global demand for memory solutions. By adding a second large‑scale site in Taiwan, Micron strengthens its supply‑chain resilience and reduces lead times for key markets such as mobile, automotive, and data‑center customers.
The Letter of Intent also establishes a long‑term partnership with Powerchip for post‑wafer assembly processing and support of Powerchip’s legacy DRAM portfolio. This collaboration underscores Micron’s commitment to integrated manufacturing and customer support, ensuring a seamless transition of production capabilities.
Regulatory approvals and deal agreements are expected to be finalized in calendar Q2 2026, after which the transaction will close. The expansion is anticipated to enhance Micron’s production scalability and secure a stable supply of DRAM for high‑growth segments, reinforcing the company’s strategic positioning in the semiconductor market.
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