Micron Completes Acquisition of PSMC's Tongluo P5 Site in Taiwan

Core Insights - Micron Technology, Inc. has completed the acquisition of Powerchip Semiconductor Manufacturing Corporation's P5 site in Tongluo, Taiwan, as per the agreement announced on January 17, 2026 [1] Company Operations - The new Tongluo site will enhance Micron's existing operations in Taiwan, serving as an extension of its vertically integrated mega campus in Taichung, located approximately 15 miles away [2] - The site features around 300,000 square feet of existing 300mm cleanroom space, aimed at supporting the production of advanced DRAM products, including High Bandwidth Memory (HBM), to meet the increasing demand driven by AI [2] Future Plans - Following the acquisition, Micron will retrofit the existing cleanroom at the Tongluo site, with meaningful product shipments expected to commence from the existing fab in fiscal 2028 [3] - The company plans to initiate the next phase of expansion at the site, with construction of a second facility of comparable scale, adding approximately 270,000 square feet of cleanroom space, set to begin by the end of fiscal 2026 [3] Strategic Importance - The Tongluo facility is deemed a critical component of Micron's global expansion strategy, enhancing its capability to leverage memory as a strategic asset for AI product performance [4] - Micron acknowledges the collaboration from various stakeholders, including the Taiwan government and construction partners, which facilitated a swift acquisition process and supports the ramp-up of production capacity [4]