Micron Technology plans second Taiwan memory chip site

Micron Technology said it will build a second Taiwan site for AI memory products after acquiring facilities from Powerchip, and its shares rose about 4% in premarket trade; shipments from the site are expected to begin in fiscal 2028.

Micron Technology said it will build a second memory-chip site in Taiwan to make artificial-intelligence memory products. The announcement followed an agreement to acquire facilities from Powerchip Semiconductor Manufacturing Corp. The acquired site includes about 300,000 square feet of existing cleanroom space. Micron said shipments from the site will begin in fiscal 2028 and that construction on another similarly sized site is set to start before the end of its 2026 fiscal year. Key facts: - Shares rose about 4% and were reported at $443.29 in early European trade after the announcement. - The site was acquired from Powerchip Semiconductor Manufacturing Corp. and includes roughly 300,000 square feet of cleanroom space. - Micron said the facilities will boost capacity for DRAM and high-bandwidth memory products. - The company expects shipments from the acquired site to begin in fiscal 2028. - Construction on another similarly proportioned site is scheduled to begin before the end of Micron's 2026 fiscal year. - The article notes Micron is set to report fiscal second-quarter earnings after the market close on Wednesday. Summary: The added site is intended to expand Micron's manufacturing capacity for in-demand AI memory products, a segment the article notes has seen price increases. The company said shipments from the acquired site are expected to begin in fiscal 2028, construction on a similar site is scheduled to start before the end of fiscal 2026, and the company's fiscal second-quarter earnings announcement will follow after the market close on Wednesday.