Shares of Taiwan’s Powerchip Semiconductor Manufacturing Corp rose nearly 10% on Monday, after U.S. memory chipmaker Micron Technology said it would buy a fabrication plant from the company.
Micron Technology said on Saturday it had signed a letter of intent to acquire Powerchip’s P5 fabrication site in Tongluo, Miaoli County, Taiwan, for $1.8 billion in cash.
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Powerchip is one of Taiwan’s major semiconductor foundries and p… [1555 chars]
Source: Reuters | Published: 2026-01-19T01:20:45Z
Credit: Reuters
