TAIPEI, Jan 26, 2026, 10:19 Taipei time — Regular session
Shares of Taiwan’s Powerchip Semiconductor Manufacturing Corp (6770.TW) climbed 2.9%, hitting T$60.2 by 9:54 a.m., up from yesterday’s close of T$58.5. The stock peaked at T$61.4 during the session, with other chip and memory stocks listed in Taipei showing gains as well. (Yahoo Finance)
The rebound follows a choppy period linked to Powerchip’s plan to sell its P5 fabrication plant in Tongluo to Micron Technology for US$1.8 billion. Powerchip says the deal would reshape its balance sheet and accelerate its push into advanced memory technology. Chairman Frank Huang pointed to “the current wave of AI applications” as a key factor fueling a global upswing in the DRAM sector, referring to dynamic random access memory, a widely used type of computer memory. (Powerchip)
Powerchip’s board has signed off on a cash capital increase of up to 420 million shares via a global depositary receipt (GDR) offering, letting foreign investors buy receipts linked to its shares. Investors are assessing the risk of dilution ahead of the company’s annual meeting on April 10, when shareholders will vote on the plan, according to a report referencing its disclosure. (中央社 CNA)
Sentiment held firm at the open as Taiwan’s benchmark index jumped 41.05 points to 32,002.56, according to local reports. (Focus Taiwan – CNA English News)
Micron outlined plans for the Tongluo site, adding 300,000 square feet of cleanroom space—the essential controlled environment for chip production—and expects to finalize the deal by Q2 2026, subject to agreements and regulatory green lights. “Demand continues to outpace supply,” said Manish Bhatia, executive VP of global operations at Micron. The company anticipates the site will start delivering significant DRAM wafer output in the second half of 2027. (Micron Technology)
The timeline remains extended, and the deal includes multiple moving parts. A delay in finalizing the agreement, a stricter regulatory review, or resistance to the GDR terms could reignite downside pressure on a stock that’s already been volatile due to headline risk.
At this stage, traders want clearer signs on the pace at which Micron’s talks shift from letter-of-intent wording to firm contracts, plus how the company sets prices and sizes for its overseas fundraising amid a volatile market.
Beyond Taiwan, attention shifts to a week packed with central-bank risks, highlighted by the U.S. Federal Reserve’s January meeting on Jan. 27-28. This event could shake up global tech valuations and risk appetite. (Federalreserve)
