Micron to Sell Lehi, Utah, Fab to Texas Instruments for $1.5B.
This is the fab that was part of the Intel/Micron IMFT joint venture. It currently produces 3D X-Point and NAND memory. Intel will need to ramp Optane production at another fab like their New Mexico fab.
"Micron will retain these tools and assets, which they can move to other sites or sell to other firms. In essence, Micron is claiming they are selling the entire fab to TI, and TI is paying them $900M cash and $600M in tools and other assets that are located at this fab."
"Micron will retain these tools and assets, which they can move to other sites or sell to other firms. In essence, Micron is claiming they are selling the entire fab to TI, and TI is paying them $900M cash and $600M in tools and other assets that are located at this fab."
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Hello sir, this is the IRS.