TSMC Chairman Liu Deyin increased his stake in memory giant Micron (MU) at an average price of $337

According to recent insider trading disclosure data released by the U.S. Securities and Exchange Commission (SEC), former TSMC (Taiwan Semiconductor Manufacturing Company) Chairman Liu Deyin made substantial purchases of Micron Technology (NASDAQ: MU) common stock in the U.S. market between January 13 and 14.

The data shows Liu Deyin bought 23,200 shares of MU at an average price of $337.

On January 13, Liu Deyin reported via SEC Form 4 that he purchased 11,600 shares at a weighted average price of about $337 per share; then on January 14, he bought an additional 3,780 shares at approximately $336.63 and 7,820 shares at about $337.5, totaling approximately 23,200 shares into his holdings (after the transaction, total holdings are 25,910 shares).

The timing of the transactions coincided with Micron’s stock price fluctuating near its historical high levels. According to public data, Micron’s stock price has reached over $350 at times since January this year. After Liu Deyin increased his holdings, the stock price remained near the 52-week high, reflecting strong demand in the memory market and relatively robust stock performance.

Liu Deyin stepped down as TSMC Chairman and shifted his focus to Micron, a major memory chip manufacturer.

Micron Technology is one of the world’s leading memory chip suppliers, with products covering DRAM, NAND flash memory, and other fields. It is a significant component of the S&P 500 Index and the NASDAQ 100. The company has recently benefited from the rapid increase in demand for high-performance memory in global AI and data center markets, and market consensus on supply shortages and high pricing strategies has also boosted its stock performance.

Liu Deyin is a heavyweight in Taiwan’s semiconductor industry, having served as TSMC Chairman until June 2024, after which he shifted to roles in global semiconductor industry governance and strategy. His large-scale purchase of Micron shares is seen by the market as a sign of confidence in the fundamental outlook and long-term growth trends of the memory industry. In March last year, Liu Deyin was appointed as a director of Micron to assist in advancing AI-related initiatives.

This article, “Former TSMC Chairman Liu Deyin Increased Investment in Memory Giant Micron (MU)” first appeared on Chain News ABMedia.