Texas Instruments (TI) has signed an agreement to acquire a 300 mm semiconductor factory from Micron Technology.
The $900 million transaction for the Lehi, Utah, facility will become TI’s fourth 300 mm fab, joining DMOS6, RFAB1 and RFAB2, which will soon be completed.
TI said the acquisition of the fab is a strategic move and the Lehi fab will start with 65 nm and 45 nm production for TI’s analog and embedded processing products. The fab will also be able to move beyond these nodes if required.
The companies plan to complete the sale by the end of 2021 with first revenue from the factory expected to begin in early 2023.
