Micron Technology Signs Letter of Intent to Acquire Powerchip P5 Plant in Taiwan for 1.8 Billion Dollars
Micron Technology signed a letter of intent to buy a Powerchip plant in Taiwan for $1.8 billion. Powerchip shares rose nearly 10% on Monday after the news.
Insights:
Micron Technology Inc , a United States 
USmemory chipmaker, announced on Saturday that it had signed a letter of intent to acquire the P5 fabrication plant from Powerchip Semiconductor Manufacturing Corp . The acquisition price is set at $1.8 billion in cash for the facility located in Tongluo, Miaoli County, Taiwan 
TW.
USmemory chipmaker, announced on Saturday that it had signed a letter of intent to acquire the P5 fabrication plant from Powerchip Semiconductor Manufacturing Corp . The acquisition price is set at $1.8 billion in cash for the facility located in Tongluo, Miaoli County, Taiwan TW.The announcement was followed by a sharp increase in market activity when trading resumed for the week. On Monday, January 19, 2026, shares of Powerchip Semiconductor Manufacturing Corprose by nearly 10% following the news of the deal. This significant share price appreciation reflects the immediate market response to the multi-billion dollar capital deployment within the semiconductor manufacturing sector.
