News Article
Micron acquires Avago Technologies’ image sensor business
Micron Technology, Inc. has announced the acquisition of Avago Technologies' image sensor business.
Micron Technology, Inc. has announced the acquisition of Avago Technologies' image sensor business.
The acquisition provides Micron with an experienced imaging team, select imaging products and intellectual property relating to Avago's image sensor business. The Avago imaging team joining Micron consists of about 90 employees, mostly engineers, from Corvallis, Ore.; Fort Collins, Colo.; San Jose, Calif.; and Penang, Malaysia. The acquisition totalled approximately $53 million, plus contingent payments payable to Avago if certain milestones are met.
"The Avago imaging team is one of the pioneering groups in CMOS imaging, and the talented team further bolsters Micron's position in the industry," said Bob Gove, vice president of Micron's imaging group.
"We are advancing in key imaging market segments including automotive, security, consumer electronics, medical applications and more. It's an exciting time for us, and the Avago team will immediately strengthen our business potential."