Loading...
Loading...
Micron
Technology, Inc.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsAsset Sales
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in