Wall Street Breakfast Micron doubles Taiwan bet
18 snips
Mar 16, 2026 Markets react to an oil surge as futures climb. Micron unveils a big Taiwan expansion to boost DRAM and HBM capacity for AI. Foxconn reports a modest profit dip and cautious guidance. Headlines include Goldman's lofty S&P forecast, Peter Thiel news, and Alibaba's enterprise AI plans. Nvidia's GTC and several corporate events round out the tech and market focus.
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Micron Expands Taiwan Capacity For AI DRAM
- Micron will build a second Taiwan DRAM facility to expand advanced memory capacity for AI demand.
- The new site adds ~270,000 sq ft of clean room space after Micron's $1.8B Taiwan acquisition and will support shipments beginning fiscal 2028.
Existing Clean Rooms And Timeline For Micron's Buildout
- The Taiwan site already includes ~300,000 sq ft of clean room space and will support DRAM products including HBM for AI workloads.
- Construction on a comparable second facility will begin by end of fiscal 2026 to boost capacity ahead of 2028 shipments.
Foxconn Misses Q4 But Signals Strong Revenue Outlook
- Foxconn's Q4 profit fell 2% year-over-year to $1.42 billion and missed estimates, though it gave optimistic qualitative guidance for revenue growth.
- The company expects strong smart consumer electronics revenue in Q1 and aligned visibility for Q1 2026.