SAN FRANCISCO—Micron Technology Inc. said in a regulatory filing Friday (Jan. 28) that it acquired Canon Inc.'s stake in Tech Semiconductor Singapore Pte. Ltd. for $121 million, giving the memory chip vendor 100 percent ownership of the venture.
Prior to the deal, Micron (Boise, Idaho) held 90 percent of Tech Semiconductor.
Tech Semiconductor was established in Singapore 1991. It manufactures DRAM wafers that are then assembled, tested, packaged and sold by Micron.
Micron recently commenced production at a new 300-mm NAND flash fab in Singapore. The facility was to have been an extension of Micron's joint venture with Intel Corp., IM Flash. Last month Micron CEO Steve Appleton revealed that Intel is not participating in the latest capital spending for the fab. Intel currently maintains a 29 percent stake in the fab and will continue to receive a portion of the fab's output. But analysts expect Intel's stake in the venture to decline over time.