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Tim Fries

Micron MU Jumps Premarket as Taiwan Tongluo P5 Deal Closes and Second Fab Planned for 2026

Micron shares climbed in premarket trading on March 16, 2026 after the company closed its US$1.8 billion purchase of PSMC's P5 site in Tongluo, Taiwan and detailed plans for a second fab at the location. The stock traded at $445.35, up 4.51% from the prior close, as investors reacted to the expanded AI-focused DRAM and HBM production roadmap ahead of Micron's Q2 FY2026 earnings call on March 18.
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