Micron’s $1.8B Taiwan fab plan puts MU in focus after Friday’s 7.8% pop
Micron agreed to buy PSMC’s Tongluo P5 fab in Taiwan for $1.8 billion in cash, aiming to close by Q2 2026. Shares rose 7.76% to $362.75 on Friday. Director Teyin Liu disclosed buying 23,200 shares for about $7.8 million. Micron also broke ground on its New York megafab, with production expected by 2030.