Wednesday, June 30th 2021

Micron to Sell Lehi, Utah, Fab to Texas Instruments

Micron Technology, Inc. announced today that it has entered into a definitive agreement to sell its Lehi, Utah, fab to Texas Instruments. The economic value for Micron from the sale is $1.5 billion, comprised of $900 million in cash from TI from the sales transaction, and approximately $600 million in value from select tools and other assets. Micron has sold some of these assets and will retain the remainder to redeploy to its other manufacturing sites or sell to other buyers.

Micron's Lehi, Utah, facility has been home to a highly skilled team with expertise in all aspects of advanced semiconductor manufacturing. TI will offer all Lehi site team members the opportunity to become employees upon the closing of the sale and intends to deploy its own technologies at the site. The sale is anticipated to close later this calendar year.

"Micron's Lehi, Utah, facility has a strong history of technology innovation and leading-edge semiconductor manufacturing," said Micron President and CEO, Sanjay Mehrotra. "We are pleased to have reached an agreement with Texas Instruments as it is an industry leader and truly values the talented Lehi team and the capabilities this site offers to deploy its technology effectively. We are greatly appreciative of the contributions that the Lehi team has made to Micron, as well as the collaboration and engagement Micron has had with the local community."

Micron announced its intent to sell the Lehi facility in March 2021, at the same time the company confirmed plans to end production of 3D XPoint technology and pursue new memory solutions for data centers, enabled by the CXL interconnect. CXL delivers high-performance connectivity between compute, memory and storage, addressing increased customer workload requirements driven by the broad proliferation of artificial intelligence and data analytics.

Weil, Gotshal & Manges LLP served as legal counsel to Micron, and Macquarie Semiconductor and Technology served as transaction advisors.
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5 Comments on Micron to Sell Lehi, Utah, Fab to Texas Instruments

#1
DeathtoGnomes
out with the old. its easier to sell like this than to update it for new tech.
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#2
AusWolf
A fab in Utah sold to Texas Instruments. Utah Instruments? :D
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#3
bug
Good bye XPoint, we hardly knew ye. I still weep the loss of those fantastic random reads :((
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#4
Tomorrow
bugGood bye XPoint, we hardly knew ye. I still weep the loss of those fantastic random reads :((
Micron never made any commercial products based on that. The X100 was announced but never released. Intel still makes it tho in their fabs. P5800X (2nd gen, PCIe 4.0, U.2) is the fastest SSD in the world but with just the 400GB version costing 1500+ it'squarely limited to enterprise or enthusiast willing to fork out that kind on money for a boot drive.

Atleast Intel had the common sense to allow P5800X retail sale.
Posted on Reply
#5
bug
TomorrowMicron never made any commercial products based on that. The X100 was announced but never released. Intel still makes it tho in their fabs. P5800X (2nd gen, PCIe 4.0, U.2) is the fastest SSD in the world but with just the 400GB version costing 1500+ it'squarely limited to enterprise or enthusiast willing to fork out that kind on money for a boot drive.

Atleast Intel had the common sense to allow P5800X retail sale.
I know, but when Micron bought Intel's share, I was hoping they have something in mind. They probably did, it jut didn't work out as expected.
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