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$MU has completed the acquisition of PSMC’s Tongluo P5 site in Taiwan for $1.8B in cash
The site adds about 300,000 square feet of existing 300mm cleanroom space and will support Micron’s expansion of leading-edge DRAM and HBM production to meet rising AI demand
Micron expects the facility to support meaningful product shipments in fiscal 2028
A second expansion phase is also planned, with construction set to begin by the end of fiscal 2026, adding roughly 270,000 square feet of additional cleanroom space