Micron Acquires PSMC's P5 Fab, DRAM Production to Start in Second Half of 2027

Micron  announced it has signed an exclusive Letter of Intent (LOI) to acquire Powerchip Semiconductor Manufacturing Corporation’s (PSMC) P5 fabrication site in Tongluo, Miaoli County, Taiwan, for total cash consideration of US$1.8 billion. The acquisition includes an existing 300mm fab cleanroom of 300,000 square feet and will further position Micron to address growing global demand for memory solutions. The LOI also aims to establish a long-term relationship between Micron and PSMC for Micron’s post-wafer assembly processing and to support PSMC in its legacy DRAM portfolio.Micron expects this acquisition to contribute to meaningful DRAM wafer output beginning in the second half of calendar 2027.