(PR) Micron to Sell Lehi, Utah, Fab to Texas Instruments
Micron Engineering, Inc. announced now that it has entered into a definitive settlement to offer its Lehi, Utah, fab to Texas Devices. The economic benefit for Micron from the sale is $1.five billion, comprised of $900 million in income from TI from the sales transaction, and somewhere around $600 million in price from select resources and other property. Micron has bought some of these assets and will keep the remainder to redeploy to its other producing web-sites or provide to other prospective buyers.
Micron’s Lehi, Utah, facility has been home to a extremely qualified crew with abilities in all aspects of superior semiconductor manufacturing. TI will offer all Lehi internet site crew users the prospect to grow to be staff on the closing of the sale and intends to deploy its very own technologies at the internet site. The sale is expected to shut later on this calendar yr.
“Micron’s Lehi, Utah, facility has a sturdy record of technology innovation and primary-edge semiconductor production,” claimed Micron President and CEO, Sanjay Mehrotra. “We are pleased to have reached an settlement with Texas Instruments as it is an marketplace leader and definitely values the proficient Lehi workforce and the capabilities this web page presents to deploy its technology correctly. We are significantly appreciative of the contributions that the Lehi team has produced to Micron, as well as the collaboration and engagement Micron has had with the local local community.”