Micron Buying A New Fab, Are Memory Chips No Longer A Cyclical Commodity?

Two people in lab suits holding a semiconductor wafer.

Over the weekend, Micron Technology (MU) announced it’s buying a new fab from one of Taiwan’s smaller semiconductor foundries, Powerchip Semiconductor Manufacturing (or just PSMC, TWSE:6770). On the surface, Micron’s move is simple: Spend $1.8 billion, get a bunch of new DRAM manufacturing capacity ready for the second half of 2027 — DRAM being the […]