Micron’s Taiwan DRAM Expansion Weighs On AI Demand And Rich Valuation

Micron Technology (NasdaqGS:MU) has completed its acquisition of the Tongluo P5 site in Taiwan from Powerchip Semiconductor Manufacturing Corp. The company plans to build a second DRAM manufacturing facility at the Tongluo P5 location to address AI related memory demand. The Taiwan expansion is part of Micron's wider buildout that also includes new capacity in India and the U.S. for AI infrastructure products. Micron Technology focuses on memory and storage products that sit at the core of...