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Powerchip Affirms Management Stability, Micron Partnership Unchanged After Founder's Death
Powerchip Semiconductor Manufacturing Corp. has moved to reassure investors of its operational stability following the death of its founder and Chairman, Frank Huang. Acting Chairman Brian Shieh confirmed on Tuesday that the company's management team is stable and its strategic partnership with Micron Technology will continue without interruption.
Leadership and Strategy Continuity
The announcement comes after the company disclosed on Friday that Huang had passed away from cardiopulmonary failure. In a statement, Shieh emphasized that Powerchip's strategy would remain unchanged, following the direction established by the late chairman.
As Taiwan’s fourth-largest foundry by revenue, Powerchip is a key player in the semiconductor industry. The company manufactures dynamic random-access memory (DRAM) chips and mature-node logic chips, including power management ICs and display driver ICs.
Micron Partnership Unaffected
AdA central point of the company's message was the continuation of its collaboration with U.S. chipmaker Micron Technology (NASDAQ: MU). Shieh affirmed that the partnership, which is crucial for the production of high-bandwidth memory (HBM) chips used in artificial intelligence processors, will proceed as planned.
Under a long-term contract manufacturing agreement established earlier in 2026, Powerchip provides essential post-wafer fabrication services for Micron. The deal was initiated alongside Powerchip's sale of its P5 chip fabrication facility in Miaoli County to Micron.
According to a timeline provided in July, a mini test line for the Micron project is scheduled for completion by the end of 2026. The partners are targeting the start of mass production for the fourth quarter of 2027.
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