America's Micron Buys $1.8B Taiwan Chip Plant to Boost AI Memory Supply

Micron Technology, the American multinational semiconductor company, has completed its $1.8 billion acquisition of Powerchip Semiconductor Manufacturing Corporation’s P5 fabrication site in Tongluo, Miaoli County, Taiwan. The transaction closed on March 15, 2026, following an earlier announcement on January 17.

Micron said it began preparing the site immediately after the acquisition was announced, even before the deal formally closed.

The Tongluo P5 facility includes approximately 300,000 square feet of existing 300mm cleanroom space and is located about 15 miles from Micron’s vertically integrated mega campus in Taichung. The company describes the site as a direct extension of its existing Taiwan manufacturing operations.

Starting this month, Micron will begin re-equipping and reconfiguring the facility, which was previously operated by Powerchip, to support Micron’s own manufacturing processes. The company expects meaningful product shipments from the facility beginning in fiscal 2028.