SAN FRANCISCOGerman 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.
Micron's 200-mm wafer fab in Avezzano, Italy.
Credit: Micron Technology
"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." Related stories:
Avezzano is a very old fab at this point. Even when it was new, it was never a benchmark facility in terms of yield or productivity. The restrictive Italian labor laws don't help. As I recall the engineers that worked there always wanted to work more on development rather than yield or productivity enhancement. Maybe they will get their wish now.