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Texas Instruments to acquire Micron chip plant in Lehi for $900 million

SALT LAKE CITY 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.

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Texas Instruments to buy semiconductor factory in $900 million deal

Texas Instruments to buy semiconductor factory in $900 million deal Marin Wolf, The Dallas Morning News © Juan Figueroa/TNS The entrance to the Texas Instruments plant on June 9, 2021, in Richardson, Texas. Dallas-based Texas Instruments Inc. will acquire Micron Technology Inc.’s semiconductor factory in a $900 million cash transaction, the company announced Wednesday. Popular Searches The factory, in Lehi, Utah, will be the fourth 300-millimeter wafer facility for the semiconductor company. It will also be used for 65-nanometer and 45-nm production for analog and embedded processing products. “This investment continues to strengthen our competitive advantage in manufacturing and technology and is part of our long-term capacity planning,” said Rich Templeton, TI chairman, president and chief executive.

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Texas Instruments to buy Micron s Utah factory for $900 million

Reuters 2 minute read Micron Technology s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis June 30 (Reuters) - Texas Instruments Inc (TXN.O) will buy Micron Technology Inc s (MU.O) factory in Lehi, Utah, for $900 million to boost its production capacity, the Dallas-based chipmaker said on Wednesday. Micron in March had said it would sell that facility, as it confirmed plans to end production of a certain type of memory chip made there exclusively. Texas Instruments said it plans to deploy its own technologies at Lehi, adding that it would offer workers at the site the opportunity to become its employees.

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Texas Instruments to buy Micron s Utah factory for $900 million

Texas Instruments to buy Micron s Utah factory for $900 million
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TI to acquire Micron 300-mm semiconductor factory, extending TI s cost advantage and greater control of supply chain

TI to acquire Micron 300-mm semiconductor factory, extending TI s cost advantage and greater control of supply chain
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