Texas Instruments Inc.

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Micron Technology Says Economic Value For Micron From Sale Of Lehi, Utah, Fab To Texas Instruments Is $1.5 Billion

Published: 06/30/2021 20:35 GMT
Texas Instruments Inc. (TXN) - Press Release - Micron to Sell Lehi, Utah, Fab to Texas Instruments.
Micron Technology Inc - Economic Value for Micron From Sale is $1.5 Billion.
Micron Technology - Economic Value Comprised of $900 Million in Cash From Ti From Sale, and About $600 Million in Value From Select Tools & Other Assets.
Micron Technology Inc - Ti Will Offer All Lehi Site Team Members Opportunity to Become Employees Upon Closing of Sale.
Micron Technology - Sold Some Assets Received in Deal & Will Retain Remainder to Redeploy to Its Other Manufacturing Sites Or Sell to Other Buyers.