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  • 10 months ago
US Chipmaker Micron says it has signed a letter of intent to buy a Powerchip Semiconductor (PSMC) facility in central Taiwan’s Miaoli County for US$1.8 billion, eyeing a boost to computer memory production amid a global shortage. The company expects the deal to close by mid-year, with significant production by the second half of 2027. The move follows a strong run in Micron shares after TSMC’s earnings update and after Micron broke ground on its New York megafab earlier this month.

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00:00U.S. chipmaker Micron is buying more facilities in Taiwan as it moves to boost computer memory
00:06production amid a worldwide shortage. Micron says it has signed a letter of intent to buy
00:12a facility in central Taiwan's Miaoli County for 1.8 billion U.S. dollars. The site currently
00:19belongs to Taiwan's power chip semiconductor, also known as PSMC. Micron says it expects the
00:26deal to close by mid-year with significant production by the second half of 2027. The
00:32announcement follows a strong run for Micron shares after TSMC's robust earnings update last
00:37Thursday and after Micron broke ground on its upstate New York megafab site earlier this month.

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