Sunday, 18 January 2026
Micron Technology Inc. has signed a letter of intent to acquire the P5 chip fabrication site in Tongluo, Taiwan from Powerchip Semiconductor Manufacturing Corp. for $1.8 billion. The deal, expected to close in the second quarter of 2026, aims to enhance Micron's memory chip production capabilities and is set to contribute to increased DRAM wafer output in the second half of 2027.
Private credit investors withdrew over $7 billion from major Wall Street funds managed by firms including Apollo, Ares, and Blackstone at the end of last year, driven by increased redemption requests amid concerns over bankruptcies such as First Brands and Tricolor. This trend has affected funds across the sector, with many allowing withdrawals exceeding the typical 5% cap, raising fears of a potential crash in publicly traded stocks as the private credit market, valued at $2.3 trillion, faces declining confidence.
US stock markets have undergone a significant regime change, with a notable shift in leadership among sectors impacting investor sentiment. The performance of NVDA, once a market leader, has transitioned to relative underperformance, signaling a potential broader market correction as institutional investors rotate capital away from overvalued growth stocks. This dynamic reflects a historical pattern where former leaders weaken while previously overlooked stocks gain strength, indicating a shift in market psychology.
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