Powerchip Semiconductor Manufacturing Corporation

Powerchip Semiconductor Manufacturing Corporation completed the sale of its Miaoli facility to Micron Technology, Inc. for USD 1.8 billion. This strategic partnership is expected to boost Powerchip Semiconductor Manufacturing Corporation's growth in its new 3D AI foundry business and enhance its DRAM technology.

Powerchip Semiconductor Manufacturing Corporation sold its Tongluo P5 facility to Micron Technology, which will serve as the foundation for Micron's new fabrication plant. This transaction allows Powerchip to divest an asset while Micron expands.

Micron Technology acquired a fabrication plant from Powerchip Semiconductor Manufacturing Corporation for $1.8 billion, which will contribute to Micron's increased capital spending and boost its output of dynamic random access memory wafers.