UPDATE: Micron Technology (MU) Agrees to Sell Utah Factory to Texas Instruments for $900M

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Go back to UPDATE: Micron Technology (MU) Agrees to Sell Utah Factory to Texas Instruments for $900M

Micron to Sell Lehi, Utah, Fab to Texas Instruments

June 30, 2021 4:09 PM EDT

BOISE, Idaho, June 30, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) 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.

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