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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.
LEHI (Reuters) Micron Technology on Tuesday said it will put a chip factory in Lehi, Utah, up for sale as it quits making a type of memory chip it jointly developed with Intel nearly a decade ago.
Lehi is Idaho-based Micron s only factory making what it calls 3D Xpoint memory, a form of memory chip that aimed to find a price-to-performance sweet spot between the two dominant forms of memory chip: DRAM, which is fast but pricey, and NAND, which is slower but cheaper. The factory will be sold in a transaction expected to close by the end of this year, company officials told Reuters.