U.S. semiconductor company Micron Technology (MU) has announced plans to further expand its manufacturing presence in Taiwan.
Micron, which specializes in memory chips and data storage, has completed its previously announced acquisition of Taiwan’s Powerchip Semiconductor Manufacturing for $1.8 billion U.S.
Now, the company said it intends to build a second factory in Taiwan.
Micron’s acquisition of Powerchip Semiconductor adds 300,000 square feet of existing cleanroom space and increases its global capacity by more than 10%.
Management at Micron said building a second facility in Taiwan will add another 270,000 square feet of cleanroom space and it will begin construction on the plant this August.
Micron’s growth in Taiwan comes amid surging demand for its memory chips. Micron has previously said it would only be able to meet half to two-thirds of global demand.
Beyond Asia, Micron is also building two microchip factories in Idaho, which are expected to come online by the end of 2028, each with around 600,000 square feet of clean room capacity.
Micron has also broken ground on what the company says will eventually be a $100 billion U.S. chipmaking complex in Onondaga County, New York.
Owing to the skyrocketing demand, Micron’s stock has more than quadrupled in the past 12 months to trade at $426.13 U.S. per share.
Tech Insider
