Micron shares plunge after report it halted Taiwan Fab 11E construction
The gist
Micron shares fell 17.46% intraday to $656.39 after a report it all but halted Taiwan Fab 11E construction.
Taiwan makes about 60% of Micron's conventional DRAM, so the halt hits core output.
How it unfolded
- Jun 25, 2026Micron closed at an all-time closing high of $1,213.56.
- Jul 9, 2026Micron poured first concrete at its New York fab in Clay, N.Y., and raised expected U.S. spend to more than $250 billion through 2035.
- Sep 30, 2026Micron reported better-than-expected fiscal Q4 results; CEO Sanjay Mehrotra said the company raised pay for every employee in fiscal 2026, while hundreds of staff at its Taiwan factories threatened to strike over labor negotiations and pay.
Key terms
- DRAM
- A type of semiconductor memory that stores data in capacitors and is widely used as main memory in computers.
- NAND memory
- A type of flash memory named after the NAND logic gate, used for non-volatile data storage.
- high-bandwidth memory
- A memory interface using 3D-stacked DRAM chips to deliver very high bandwidth, often paired with graphics accelerators.
Source: Wikipedia