Semiconductors 17 January 2026 - 19 January 2026

Micron Technology shares jumped Friday following a disclosure that a company director bought millions worth of stock, putting the chipmaker in the spotlight as Wall Street returns from the holiday. The stock closed at $362.75, rising 7.8% for the session.

Micron Technology shares jumped 7.8% on Friday, closing at $362.75. The stock surged after a week of gains, driven by news of a significant U.S. factory expansion and renewed insider buying activity.

Micron Technology Inc shares closed Friday 7.8% higher, at $362.75. The stock fluctuated from $346.65 to $365.59, with roughly 47.9 million shares traded.

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.