TI completes Acquisition of Japanese Wafer Fabrication Facility

Texas Instruments Incorporated (NYSE: TXN) has completed its acquisition of two wafer fabs and equipment in Aizu-Wakamatsu, Japan. The facility was previously operated by Spansion Japan Limited (SJL) and was acquired under a court-approved plan of reorganization.

The 200mm wafer fab in Aizu is capable of expanding TI's analog revenue by more than $1 billion annually. The second, non-operating wafer fab is capable of either 200mm or 300mm production and will be preserved for future capacity expansion. TI offered employment to all of the SJL employees in Aizu.