Deseret News
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Micron Technology
The iconic TI-81 calculator may be gathering dust, but Texas Instruments, now a multiplying force in semiconductor manufacturing, is looking to add to Utah business with the purchase of the Micron Technology microchip fabrication plant in Lehi for $900 million in cash.
Rumors about the Micron facility’s sale had been swirling for weeks ahead of the announcement.
“This investment continues to strengthen our competitive advantage in manufacturing and technology and is part of our long-term capacity planning,” Texas Instruments chairman, president and CEO Rich Templeton said in a statement.
Micron said the economic value of the sale for the company includes $900 million in cash from Texas Instruments in the sale transaction and $600 million from liquidation of select tools and other assets.