Micron stock in focus: $1.8 billion Taiwan fab deal adds DRAM capacity as MU heads into a holiday break
Micron signed a $1.8 billion deal to acquire Powerchip’s P5 fab in Taiwan, aiming to expand memory production. Shares surged 7.8% Friday to a record $362.75 after a director disclosed a $7.8 million stock purchase. U.S. markets will reopen Tuesday following the holiday. The company expects the deal to close by mid-2026, pending approvals.