In the scramble to improve supply chain advantages, Texas Instruments penned an agreement to acquire Micron Technology’s 300-mm semiconductor factory in Lehi, Utah, for $900 million. TI cites its desire to strengthen its competitive stance in manufacturing, technology, and long-term capacity planning for the purchase.
The Lehi fab, TI’s fourth 300-mm fab, joins DMOS6, RFAB1 and nearly completed RFAB2 in TI’s wafer fab manufacturing operations. Lehi will start with 65-nm and 45-nm production for TI’s analog and embedded processing products and surpass those nodes as required.
The Micron Lehi facility has a highly skilled team with expertise in all aspects of advanced semiconductor manufacturing. All Lehi site team members have the opportunity to become TI employees upon the closing of the sale. The companies plan to complete the sale by the end of 2021. Related underutilization costs of about $75 million per quarter are expected in 2022, with first revenue in early 2023. Learn more at TI.com.
Original Release: PR Newswire