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

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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 DDR5 RDIMM

This 3D XPoint flash memory chip factory in Lehi, Utah also has a technical team with good technology and experience in advanced semiconductor manufacturing. Texas Instruments will provide opportunities for all employees of the plant after the transaction is completed, and intends to deploy its own technology in this fab.

“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.”

In March of this year, Micron announced that it would stop further development of all products based on 3D XPoint technology and seek new solutions for the data center business. In the future, the focus will be shifted to the development of memory products that support the Compute Express Link (CXL) standard and plans to invest the research and development results and resources in 3D XPoint technology. Micron believes that CXL can provide high-performance connections between computing, memory, and storage to meet the workload requirements of artificial intelligence and data analysis.

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