Micron's Big Move: Boosting Memory Production in Taiwan

Micron Technology is making a bold move to expand its memory chip production. They just signed a deal to buy a big semiconductor plant in Taiwan for $1. 8 billion. This is a major step in their plan to meet the growing demand for memory chips worldwide. The plant is in Tongluo, Miaoli County, Taiwan. It has a huge 300, 000-square-foot cleanroom. This space is perfect for making advanced memory wafers. Micron plans to start production here in 2027. This deal is not just about buying a plant. It's also about teaming up with Powerchip Semiconductor Manufacturing Corporation (PSMC). They will work together on long-term projects. This partnership will help both companies grow in the memory chip market.Micron is also planning to build a massive $100 billion memory manufacturing complex in New York. This shows they are serious about expanding their production. The company has a strong financial position. They have about $12 billion in cash and marketable securities. They also recently approved a dividend for their shareholders. This move comes at a time when the demand for memory chips is skyrocketing. This is driven by the growth of artificial intelligence, data centers, and high-performance computing. Micron expects to complete the deal by the second quarter of 2026. They will then start ramping up production in 2027.