NASDAQ:MU 12 January 2026 - 17 January 2026

Micron Technology revealed Saturday it has signed an exclusive letter of intent to acquire Powerchip Semiconductor Manufacturing Corp’s P5 fab in Tongluo, Taiwan, for $1.8 billion in cash. The 300-millimeter facility spans a 300,000-square-foot cleanroom and is set to strengthen Micron’s strategic ties with PSMC. The deal is expected to close by Q2 2026, pending final agreements and regulatory clearance. Micron projects the site will boost DRAM wafer output starting in the second half of 2027. Shares rose 7.8% to $362.75 on Friday. COO Manish Bhatia said the acquisition “will enable Micron to increase production and better serve our customers.”

Micron Technology closed Friday 7.8% higher, at $362.75. Shares fluctuated between $346.65 and $365.59, with roughly 48 million traded.

Shares of Micron Technology climbed 7.8%, ending Friday at $362.75, after reaching an intraday high of $365.59.

Micron Technology, Inc. shares jumped roughly 6% early Friday, lifted by a wider rally in memory-chip stocks following a director’s multi-million dollar stock buy and new specifics on the company’s upcoming New York “megafab” project. The stock last traded $20.18 higher at $356.81.

Micron Technology shares jumped 5.7% to $355.65 in premarket trading Friday, following a close of $336.63 the day before. According to a regulatory filing, director Teyin Mark Liu bought 23,200 shares between Jan. 13-14 at roughly $337 each and now holds 25,910 shares.

Micron Technology shares climbed 3.1% to $343.67 in premarket trade Thursday, rebounding after a 1.4% drop the day before.

Micron Technology shares dropped 1.4% on Wednesday, slipping to $333.37. The dip followed a strong rally as investors digested new supply plans announced by a major competitor in the AI memory sector.

Micron Technology shares ticked up 0.2% to $345.87 in early U.S. trading Tuesday. KeyBanc raised its price target for the memory-chip giant to $450 from $325, maintaining an Overweight rating. The firm highlighted strong demand from hyperscalers — the largest cloud and data-center customers — which is tightening memory supply and pushing prices higher across more end markets.