ATREG is pleased to announce that it has successfully advised Texas Instruments (TI) in the acquisition of Micron Technology’s operational 300mm Lehi, UT manufacturing facility for $900 million. The companies plan to complete the sale by late 2021.
“ATREG was instrumental in helping us identify and strategize this acquisition. We are thankful to the team for getting us in the negotiating process when they did,” explains Kyle Flessner, TI’s Senior Vice President of Technology and Manufacturing. “This acquisition is a strategic move for us as Lehi will start with 65nm and 45nm production for our analog and embedded processing products and be able to go beyond those nodes as needed.”
“As a longstanding client of ours, Texas Instruments has trusted ATREG to facilitate many fab transactions over the years,” adds Stephen Rothrock, ATREG’s Founder, President, and CEO. “Working closely with TI, we saw an immediate fit for TI in the Lehi facility and took the idea straight to them. They then retained us to support them in the transaction. We are very happy about this outcome for both parties.”
Click here to read TI’s press release.
Click here to read Micron’s press release.