BOISE, Idaho, March 15, 2026 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced that it has acquired and assumed ownership of Powerchip Semiconductor Manufacturing Corporation’s (PSMC) P5 site in Tongluo, Miaoli County, Taiwan, under the acquisition agreement previously announced on January 17, 2026.
The new location will complement Micron’s existing operations in Taiwan as an extension of the company’s vertically integrated mega-campus in Taichung, located approximately 15 miles away. The site includes approximately 300,000 square feet of existing 300mm cleanroom space and will support Micron’s efforts to expand its offering of leading DRAM products, including HBM, to meet growing AI-driven demand.
Micron began preparations for the new Tongluo location following the deal announcement in January 2026 and will begin modernizing the existing cleanroom now that the transaction has been completed. The new Tongluo location is expected to support meaningful product shipments from the existing factory beginning in FY 2028. The company is also planning the next phase of expansion at the site, with construction to begin on a second facility of similar scale by the end of fiscal 2026, adding approximately 270,000 square feet of cleanroom space.
“The Tongluo facility complements our operations in Taiwan and is a critical part of our global expansion plans,” said Manish Bhatia, executive vice president of Global Operations at Micron Technology. “Memory is a strategic asset that dictates the performance of AI products, and the acquisition and phased ramp-up of this site strengthens our ability to leverage these important opportunities. We appreciate the strong collaboration of the Taiwanese government, our construction partners, and equipment and materials suppliers to enable and accelerate the ramp-up of our manufacturing capacity at this site.”
Micron thanks PSMC, the central government of Taiwan, including the Ministry of Economy, the National Science and Technology Council, and the Hsinchu Science Park, as well as the Government of Miaoli County, for their strong support, cooperation to ensure a quick and successful acquisition process, and commitment in enabling the new location, leveraging the efficiency and speed of execution fueled by Taiwan’s world-class semiconductor manufacturing ecosystem.
About Micron Technology, Inc.
Micron Technology, Inc. is a leader in innovative memory and storage solutions that transform the way the world uses information to enrich lives for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products. Every day, the innovations our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunity – from the data center to the intelligent edge and across the customer and mobile user experience. For more information about Micron Technology, Inc. (Nasdaq: MU), visitmicron.com.
Forward-Looking Statements
This press release contains forward-looking statements, including expectations regarding when meaningful product shipments will begin at the Tonglou location, the timing of future construction plans for the Tonglou location and the ability of Micron’s global expansion plans to address product demand growth. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to Micron’s filings with the Securities and Exchange Commission, particularly the most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity or performance. Micron undertakes no obligation to update the forward-looking statements after the date of this press release to conform these statements to actual results.
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