Micron's $1.8 billion acquisition boosts Powerchip shares
19/01/2026 01:07
By Wen-Yee Lee TAIPEI, Jan 19 (Reuters) - Shares of Taiwan’s Powerchip Semiconductor Manufacturing Corp 6770.TW rose nearly 10% on Monday after U.S. memory chipmaker Micron Technology MU.O said it would buy a fabrication plant from the company. Micron Technology on Saturday said 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. (Reporting by Wen-Yee Lee; Editing by Tom Hogue) ((wen-yee.lee@thomsonreuters.com))
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