Micron (MU) stock faces Tuesday test after $1.8B Taiwan fab buy and $100B New York megafab push
Micron agreed to buy Powerchip’s Tongluo P5 fab in Taiwan for $1.8 billion in cash, aiming to close by Q2 2026 pending approvals. Shares jumped 7.8% Friday, closing at $362.75, as investors focused on the deal’s timeline and DRAM supply impact.