ATREG 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 the company 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.”
ATREG is pleased to announce that the disposition of Allegro MicroSystems’ Thai cleanroom to Chinese company InnoLight Technology has closed today for approximately $30 million before fees and expenses. Established in April 2008 and based in Suzhou City, Jiangsu Province, InnoLight is a leading domestic optical communication company.
“By hiring ATREG, we were able to expose our Thai cleanroom site to a far wider and more sophisticated audience than would have been done if it was only sold as a real estate asset. ATREG brought multiple credible parties to the table and provided a competitive environment that led to multiple offers for the site,” explains Thomas Teebagy, Senior Vice President, Operations & Quality for Allegro MicroSystems. “As a result, we achieved a transaction value that exceeded our expectations and found a buyer who will take advantage of the existing infrastructure. I would recommend ATREG to any company wishing to dispose of a manufacturing asset.”
“We are honored that Allegro MicroSystems entrusted our team with this strategic disposition,” adds Stephen Rothrock, Founder, President, and CEO of ATREG. “With the successful transfer of production from Thailand into its Manila, Philippines facility one quarter earlier than initially planned, the company can now continue its transition to a fabless, asset-lite manufacturing model to optimize its manufacturing footprint and reduce fixed costs.”
CBRE (Thailand) Co., Ltd. assisted ATREG on the ground with the transaction.
Click here to read Allegro MicroSystems’ announcement.
ATREG’s Founder, President, and CEO Stephen Rothrock will be presenting as well as participating in a panel on the state of global semiconductor manufacturing at SEMICON Europa to be held in person in Munich, Germany from November 16th to 19th.
The November 18th morning session entitled Rising Through in the Post-Pandemic Era of Fab Management will feature a series of individual presentations by prominent industry experts who will provide an overview of the semiconductor industry’s latest manufacturing challenges. These include increasing capacity, managing chip shortage capacity, supply chain dependability issues, supplier / end-user relations, long-term impact on the automotive sector, and EU government relations. The morning session will conclude with a panel discussion with all session speakers.
Click here to register for SEMICON Europa. We look forward to connecting with you at the event!