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Micron Tech plans to hire 800 for DRAM base in Taiwan

Published 04/24/2018, 12:26 PM
© Reuters.  Micron Tech plans to hire 800 for DRAM base in Taiwan
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  • Micron Technology (NASDAQ:MU) wants to increase its Taiwanese workforce by over 800 in the next year.
  • The company gained its Taiwan operations in the 2015 purchase of Inotera Memories, a $4B deal that was completed in late 2016. Micron has lost hundreds of engineers to Beijing-backed rivals since entering the region.
  • Taiwan is Micron’s largest production base for DRAM while Singapore is the largest base for NAND.
  • Employee counts stand at 6.8K in Taiwan with a 7,650 goal, 7.5K in Singapore, and 34K globally.
  • Micron shares are down 3.7% to $47.25 pulled down with a tech sector reacting to Alphabet’s earnings report and fears of continued iPhone demand problems.
  • Now read: Micron: Buy The Downgrade


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