Micron Completes Acquisition of PSMC’s Tongluo P5 Site in Taiwan
BOISE, Idaho, March 15, 2026 (GLOBE NEWSWIRE) — Micron Expertise, Inc. (Nasdaq: MU) immediately introduced it has accomplished the acquisition and assumed possession of Powerchip Semiconductor Manufacturing Company’s (PSMC) P5 website in Tongluo, Miaoli County, Taiwan, underneath the acquisition settlement beforehand introduced on January 17, 2026.
The brand new website will complement Micron’s present operations in Taiwan as an extension of the corporate’s vertically built-in mega campus in Taichung, positioned roughly 15 miles away. The positioning consists of roughly 300,000 sq. toes of present 300mm cleanroom house and can assist Micron’s efforts to increase provide of modern DRAM merchandise, together with HBM, to satisfy rising AI-driven demand.
Micron started preparations for the brand new Tongluo website following the deal announcement in January 2026 and can start retrofitting the present cleanroom now that the transaction has been accomplished. The brand new Tongluo website is anticipated to assist significant product shipments from the present fab starting in fiscal 2028. The corporate can also be planning the following section of growth on the website, with development set to start by the top of fiscal 2026 on a second facility of comparable scale, including roughly 270,000 sq. toes of cleanroom house.
“The Tongluo facility enhances our Taiwan operations and is a vital part of our international growth plans,” stated Manish Bhatia, govt vice chairman of world operations at Micron Expertise. “Reminiscence is a strategic asset that dictates AI product efficiency, and the acquisition and phased ramp of this website strengthens our potential to capitalize on these important alternatives. We admire the robust collaboration from the Taiwan authorities, our development companions, and tools and supplies suppliers to allow and speed up the ramp of our manufacturing capability at this website.”
Micron thanks PSMC, the Taiwan central authorities, together with the Ministry of Financial Affairs, Nationwide Science and Expertise Council, and Hsinchu Science Park, in addition to Miaoli County Authorities, for his or her robust assist, collaboration to make sure a swift and profitable acquisition course of, and dedication in enabling the brand new website, leveraging the effectivity and pace of execution fueled by the world-class semiconductor manufacturing ecosystem in Taiwan.
About Micron Expertise, Inc.
Micron Expertise, Inc. is an business chief in revolutionary reminiscence and storage options remodeling how the world makes use of data to complement life for all. With a relentless deal with our clients, expertise management, and manufacturing and operational excellence, Micron delivers a wealthy portfolio of high-performance DRAM, NAND, and NOR reminiscence and storage merchandise. Every single day, the improvements that our individuals create gasoline the information economic system, enabling advances in synthetic intelligence (AI) and compute-intensive functions that unleash alternatives — from the information middle to the clever edge and throughout the shopper and cell consumer expertise. To study extra about Micron Expertise, Inc. (Nasdaq: MU), go to micron.com.
Ahead-Trying Statements
This press launch comprises forward-looking statements, together with expectations as to when significant product shipments will start on the Tonglou website, the timing of future development plans for the Tonglou website, and the flexibility of Micron’s international growth plans to deal with product demand progress. These forward-looking statements are topic to various dangers and uncertainties that might trigger precise outcomes to vary materially. Please consult with the paperwork Micron recordsdata with the Securities and Change Fee, particularly its most up-to-date Type 10-Okay and Type 10-Q. These paperwork include and establish essential components that might trigger precise outcomes to vary materially from these contained in these forward-looking statements. These sure components could be discovered at https://investors.micron.com/risk-factor. Though Micron believes that the expectations mirrored within the forward-looking statements are affordable, Micron can’t assure future outcomes, ranges of exercise, or achievements. Micron is underneath no responsibility to replace any of the forward-looking statements after the date of this press launch to conform these statements to precise outcomes.
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