Micron Technology, Inc. has signed an exclusive Letter of Intent to acquire Powerchip Semiconductor Manufacturing Corporation’s P5 fabrication site in Taiwan for $1.8 billion. The acquisition includes a 300mm fab cleanroom and aims to support growing global demand for memory solutions. The transaction is expected to close in Q2 2026, with Micron assuming ownership and control to ramp up DRAM production. This acquisition aligns with Micron’s global expansion plans to meet customer demand and contribute to meaningful DRAM wafer output by the second half of 2027. Micron is focused on delivering high-performance memory and storage products to fuel the data economy.

Read more at GlobeNewswire: Micron Signs Letter of Intent to Purchase Tongluo Site,