Micron to Acquire Taiwanese Chip Fabrication Site for $1.8 Billion to Expand Memory Chip Production

Micron Technology has agreed to buy a Taiwan chip fabrication site from Powerchip Semiconductor Manufacturing for $1.8 billion. The deal aims to expand Micron's memory chip production, with plans to ramp up DRAM production in phases after the transaction closes in Q2 2023. The investment is part of Micron's global expansion to meet increasing demand for memory chips.