Chipmaker Texas Instruments Inc. (NASDAQ: TXN) said Wednesday it has agreed to acquire Micron Technology Inc.'s (NASDAQ: MU) 300-mm semiconductor factory in Lehi, Utah, for $900 million.
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Shares of Micron Technology (NASDAQ:MU) moved higher by 2.5% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 129.27% over the past year to $1.88, which beat the estimate of $1.71.
Micron Technology, Inc. (NASDAQ:MU) announced today that it has entered into a definitive agreement to sell its Lehi, Utah, fab to Texas Instruments. The economic value for Micron from the sale is $1.5 billion, comprised
Projections of a continued supply-demand imbalance in the semiconductor industry into 2022 has led BMO Capital Markets analysts to turn bullish on shares of Micron Technology, Inc. (NASDAQ: MU).