Texas Instruments to buy Micron’s Utah factory for $900 million
(Reuters) -Texas Instruments Inc will buy Micron Technology Inc’s factory in Lehi, Utah, for $900 million to improve its manufacturing functionality, the Dallas-based chipmaker talked about on Wednesday.
Micron in March had talked about it’d promote that facility, as a result of it confirmed plans to end manufacturing of a positive sort of memory chip made there fully.
Texas Instruments talked about it plans to deploy its private utilized sciences at Lehi, together with that it’d provide staff on the web site the possibility to grow to be its employees.
Shares in Micron have been down about 2% in extended shopping for and promoting, whereas these in Texas Instruments have been virtually flat.
“This funding … is part of our long-term functionality planning,” Texas Instruments Chief Executive Officer Rich Templeton talked about in a press launch.
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