BOISE, Idaho, March 15, 2026 (GLOBE NEWSWIRE) — Micron Know-how, Inc. (Nasdaq: MU) right now introduced it has accomplished the acquisition and assumed possession of Powerchip Semiconductor Manufacturing Company’s (PSMC) P5 website in Tongluo, Miaoli County, Taiwan, beneath the acquisition settlement beforehand introduced on January 17, 2026.
The brand new website will complement Micron’s current operations in Taiwan as an extension of the corporate’s vertically built-in mega campus in Taichung, positioned roughly 15 miles away. The location contains roughly 300,000 sq. ft of current 300mm cleanroom area and can assist Micron’s efforts to develop 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 prevailing cleanroom now that the transaction has been accomplished. The brand new Tongluo website is predicted to assist significant product shipments from the prevailing fab starting in fiscal 2028. The corporate can also be planning the following part of enlargement 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. ft of cleanroom area.
“The Tongluo facility enhances our Taiwan operations and is a crucial element of our world enlargement plans,” mentioned Manish Bhatia, government vp of world operations at Micron Know-how. “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 respect the sturdy 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 Know-how Council, and Hsinchu Science Park, in addition to Miaoli County Authorities, for his or her sturdy assist, collaboration to make sure a swift and profitable acquisition course of, and dedication in enabling the brand new website, leveraging the effectivity and velocity of execution fueled by the world-class semiconductor manufacturing ecosystem in Taiwan.
About Micron Know-how, Inc.
Micron Know-how, Inc. is an trade chief in revolutionary reminiscence and storage options reworking how the world makes use of data to complement life for all. With a relentless give attention to 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. On daily basis, the improvements that our folks create gas the info economic system, enabling advances in synthetic intelligence (AI) and compute-intensive purposes that unleash alternatives — from the info middle to the clever edge and throughout the consumer and cellular person expertise. To study extra about Micron Know-how, Inc. (Nasdaq: MU), go to micron.com.
Ahead-Trying Statements
This press launch incorporates 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 world enlargement plans to deal with product demand development. 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 information with the Securities and Alternate Fee, particularly its most up-to-date Type 10-Okay and Type 10-Q. These paperwork comprise and determine 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://traders.micron.com/risk-factor. Though Micron believes that the expectations mirrored within the forward-looking statements are affordable, Micron can not assure future outcomes, ranges of exercise, or achievements. Micron is beneath 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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Micron Media Relations Contact
Mark Plungy
+1 (408) 203-2910
corpcomms@micron.com
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satyakumar@micron.com
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