Micron To Add 2,000 Employees, Set Up R&D Corridor In Taiwan — Report

Asia Micron To Add 2,000 Employees, Set Up R&D Corridor In Taiwan — Report Russell Flannery Forbes Staff Jun 12, 2022, 07:24pm EDT | Share to Facebook Share to Twitter Share to Linkedin Micron bought the shares it didn’t already own in Taiwan’s Inotera Memories in 2016 for . . .

[+] approximately $4 billion. Photographer: Maurice Tsai/Bloomberg © 2010 Bloomberg Finance LP Micron Technology Inc. , the U.

S. memory chip maker, will add 2,000 employees and set up a research and development (R&D) corridor in Taiwan, the Central News Agency reported on Friday. Micron has invested in Taiwan for more than two decades and is its largest foreign investor, Micron Taiwan’s head Lu Donghui told reporters, the agency said.

Lu joined Micron in February and met with the press for the first time on Friday, CNA said. “However, he did not provide any further details about Micron’s investment plan in Taiwan,” CNA said. Micron has more than 10,000 employees in Taiwan and operates two factories for making dynamic random access memory chips in Taoyuan and Taichung with another backend factory in Taichung, CNA said.

(See details here . ) The company purchased shares it didn’t own in Taiwan memory-chip maker Inotera for approximately $4 billion in 2016. Taiwan is one of the world’s top sources of the semiconductors.

Taiwan Semiconductor Manufacturing Corp. , or TSMC, one of the world’s most valuable semiconductor manufacturers, on Friday said sales in May soared by 65. 3% from a year earlier to a monthly record NT$185.

7 billion. TSMC’s former long-time leader and chairman Morris Chang, an American citizen, has an estimated fortune worth $2. 4 billion on the Forbes Real-Time Billionaires List today.

(See related post here . ) Employees work in the lobby of TSMC’s headquarters in Hsinchu earlier this year. Photographer: I-Hwa .

. . [+] Cheng/Bloomberg © 2022 Bloomberg Finance LP Taiwan technology companies that rank on the Forbes Global 2000 list of the world’s top publicly traded companies include Hon Hai Precision — the big supplier to Apple led by billionaire Terry Gou, as well as TSMC, which makes computer chips for Intel.

Others among Taiwan’s numerous Apple suppliers include Pegatron, Lite-On Technology, Inventec, Catcher Technology, Largan Precision and Compeq Manufacturing. MORE FOR YOU China Detains Fallen HNA Ex-Billionaire Chairman Ahead Of Airline Restructuring Vote Nasdaq Listing Of Freshworks Creates Windfall For Indian Founder And Hundreds Of Employees Ninja Van Becomes Singapore’s Newest Unicorn After Raising $578 Million From Alibaba, B Capital Micron’s shares plunged 5. 1% to their lowest level in a year and a half on Friday in Nasdaq trading amid worries that roaring U.

S. inflation, now its highest in four decades, will ultimately lead to slower economic growth and reduce demand for electronics products such as PCs. TSMC’s New York-traded shares lost 2.

4%. See related posts: Global Chip Supply-Demand Imbalance Is Spurring Industry Change: NXP CEO Kurt Sievers Ageless and Peerless In An Era Of Fabless @rflannerychina Send me a secure tip . Russell Flannery Editorial Standards Print Reprints & Permissions.