Taipei, March 16 -- Taiwan-based Powerchip Semiconductor Manufacturing Corp. (PSMC) said on Monday that it has completed the sale of its facility in Miaoli to Micron Technology Inc. and will now start technology collaboration with the American memory chip supplier, in keeping with the sale agreement, as per a Focus Taiwan report.

With the transfer of the plant to the US tech giant, the two companies will now begin to work jointly on the development of high-bandwidth memory (HBM)/post-wafer-finish (PWF) foundry services and advanced memory process technologies, PSMC said in a statement, as per the news report.

The strategic partnership with Micron is expected to boost momentum for PSMC's growth in its new 3D AI foundry business.

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