Micron doubles Taiwan bet
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 16 March 2026
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Monday: META, MU, gold stocks, and more
Goldman Sachs sees S&P 500 rising to 7,600 on earnings growth
Peter Thiel is said to host private Rome conference on Antichrist
Alibaba plans to launch enterprise-focused AI agent as soon as this week - report
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Monday, March 16th. I'm Julie Morgan. |
| 0:13.4 | Stock index futures are higher on this Monday. The NASDAQ is up 0.4%. The S&P 500 is up 0.3% and the Dow is up a tiny fraction. |
| 0:25.9 | Crude oil features are at $100 and Brent futures are at 104 as of the time of this recording. |
| 0:32.9 | Bitcoin is up 0.4% at 73,000 and gold is down 0.7% at 4985. |
| 0:43.2 | Micron Technology is on our biggest movers list this morning. |
| 0:47.3 | MU is up 4.2% in pre-market action. |
| 0:51.1 | Micron Technology announced plans to build a second chip manufacturing facility |
| 0:55.8 | at its newly acquired site in Taiwan. The site includes approximately 300,000 square feet of |
| 1:02.8 | existing clean room space and will support the company's efforts to expand the supply of DRAM |
| 1:08.7 | products, including HBM, to meet growing AI-driven demand. |
| 1:14.0 | The expansion follows the completion of its $1.8 billion acquisition from Powerchip Semiconductor |
| 1:20.7 | Manufacturing announced in January. The new site is expected to support product shipments |
| 1:26.5 | from the existing fab beginning in fiscal |
| 1:29.1 | 2028. The construction of a second facility of comparable scale, which will add approximately |
| 1:35.8 | 270,000 square feet of clean room space, is set to begin by the end of fiscal 2026. Foxcon, the world's largest contract electronics maker, |
| 1:47.4 | reported a 2% decline in fourth quarter profit on Monday, compared with the same period last year, |
| 1:54.3 | falling short of expectations. Reuters reported that net profit for the October to December period |
| 2:00.4 | was $1.42 billion. |
| 2:03.6 | Foxcon's guidance for both the first quarter and full year revenue are for strong growth, |
| 2:09.0 | the highest outlook the company can give as it does not provide a numeric outlook. |
| 2:13.9 | The electronics giant said it also expected first quarter revenue for smart consumer |
... |
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