Micron announced to sell 3D XPoint flash memory chip factory to Texas Instruments

Micron announced that it has reached an agreement with Texas Instruments to sell its 3D XPoint flash memory chip factory in Lehi, Utah. The transaction is expected to be completed later this year. The value of the transaction is approximately $1.5 billion, including $900 million in cash, and other equipment and assets worth $600 million. Some of the equipment and assets obtained by Micron have been sold, and the remaining part will be redeployed to other production bases or sold to other buyers.

“Micron’s Lehi, Utah, facility has a strong history of technology innovation and leading-edge semiconductor manufacturing,” said Micron President and CEO, Sanjay Mehrotra. “We are pleased to have reached an agreement with Texas Instruments as it is an industry leader and truly values the talented Lehi team and the capabilities this site offers to deploy its technology effectively. We are greatly appreciative of the contributions that the Lehi team has made to Micron, as well as the collaboration and engagement Micron has had with the local community.”