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PM Modi in Israel: Upon arrival at Ben Gurion Airport, Prime Minister Narendra Modi was accorded a Guard of Honour. Israeli Prime Minister Benjamin Netanyahu later shared pictures of PM Modi in Tel Aviv on X, writing in Hindi, “You are welcome
Micron to buy Taiwan chip fabrication site for $1.8 billion
Micron Technology has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing for $1.8 billion to expand its memory chip production.
Micron will take control of the P5 site in Tongluo, Taiwan and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. It expects the transaction to contribute to meaningful DRAM wafer output in the second half of 2027.
The companies will also partner on Micron's post-wafer assembly processing and to support Powerchip in its legacy DRAM portfolio, Micron said.
The investment is part of Micron's global expansion as it seeks to meet continued demand for memory chips. The company, which currently makes most of its chips at facilities in Asia, on Friday held a ground breaking ceremony for a new plant outside Syracuse, New York, having promised last year to invest as much as $200 billion in the US.
Source: EconomicTimes
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