Micron (MU) Technology plans to build a second manufacturing facility in Taiwan at the Tongluo site it recently acquired from Powerchip Semiconductor Manufacturing to help it expand supply of leading-edge DRAM products, including high-bandwidth memory to support surging AI demand, Reuters quotes the company as having said.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron price target raised to $500 from $450 at TD Cowen
- Options Volatility and Implied Earnings Moves This Week, March 16 – March 20, 2026
- Micron price target raised to $525 from $425 at RBC Capital
- Micron (MU) Is About to Report Q2 Earnings. Here’s What to Expect from This Memory Chip Stock
- Proposed rule on AI chip exports withdrawn by Commerce Department, Reuters says