Micron Technology Selling Lehi, Utah, Chip Fab Plant for $900 Million to Texas Instruments
June 30 2021 - 5:05PM
Dow Jones News
By Allison Prang
Micron Technology Inc. said it is selling its Lehi, Utah,
facility to Texas Instruments.
The deal -- for $900 million in cash -- is expected to close
later in 2021, the company said.
Micron used the facility for 3D XPoint production. The company
has stopped developing that technology, saying "there was
insufficient market validation to justify the ongoing investments
required to commercialize" it at scale.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
June 30, 2021 16:52 ET (20:52 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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