German specialty chip foundry LFoundry GmbH will acquire U.S. memory chip vendor Micron Technology Inc.’s wafer fab in Avezzano, Italy, under the terms of a deal announced Monday (Feb. 26). Financial terms of the deal were not disclosed.

Micron (Boise, Idaho) said it would assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200-millimeter Avezzano fab. Micron will also grant LFoundry a restricted technology license, the company said.

The deal is expected to close later this spring, Micon said.

"The manufacturing capabilities of Micron's fab in Avezzano, Italy, together with our own existing fab and technologies, make this a winning combination and an important part of our strategic goal in building LFoundry's business into a premier analog mixed signal and specialty foundry partner for our customers," said LFoundry CEO Günther Ernst, in a statement.

"This transaction provides a long-term bridge toward a successful future for the Avezzano facility," said Micron CEO Mark Durcan. "The transaction not only preserves the facility and jobs in Avezzano, but it also supports a stable and long-term wafer supply for Aptina, further enhancing the value of Micron's equity holdings in Aptina."

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved