Micron to sell wafer manufacturing plant to LFoundry
Micron Technology and LFoundry have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy.
LFoundry is a semiconductor specialty foundry based in Germany and France.
Micron Technology is a leading provider of advanced semiconductor solutions. The firm manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, embedded and mobile products.
Under the agreements, Micron will assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200 mm Avezzano facility. Micron will also grant LFoundry a restricted technology license.
Specific financial terms of the transaction, which are expected to close later this spring, were not disclosed.
"The manufacturing capabilities of Micron's fab in Avezzano, Italy, together with our own existing fab and technologies, make this a winning combination and an important part of our strategic goal in building LFoundry's business into a premier analogue mixed signal and specialty foundry partner for our customers," says LFoundry CEO Guenther Ernst.
"This transaction provides a long-term bridge toward a successful future for the Avezzano facility," adds Micron CEO Mark Durcan. "The transaction not only preserves the facility and jobs in Avezzano, but it also supports a stable and long-term wafer supply for Aptina, further enhancing the value of Micron's equity holdings in Aptina."
