Market Overview

Lfoundry Agrees to Buy Micron Tech Water Manufacturing Plant

Share:
Related MU
Greenlight Capital At UBS: More Disappointment From August
David Einhorn Takes A Hit: Greenlight Capital Fell 5.3% In August, 13.8% YTD
Premarket Gainers / Losers as of 9:10 am (Seeking Alpha)

Micron Technology, Inc. (Nasdaq: MU) and LFoundry today announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy.

Under the agreements, Micron will assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200 millimeter Avezzano facility. Micron will also grant LFoundry a restricted technology license. Specific financial terms of the transaction, which is expected to close later this spring, were not disclosed.

Posted-In: News Asset Sales

 

Related Articles (MU)

View Comments and Join the Discussion!

Get Benzinga's Newsletters