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MU Micron Technology Inc

118.13
3.43 (2.99%)
Pre Market
Last Updated: 13:02:27
Delayed by 15 minutes
Share Name Share Symbol Market Type
Micron Technology Inc NASDAQ:MU NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.43 2.99% 118.13 118.10 118.17 179,791 13:02:27

Micron Technology Selling Lehi, Utah, Chip Fab Plant for $900 Million to Texas Instruments

30/06/2021 10:05pm

Dow Jones News


Micron Technology (NASDAQ:MU)
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From May 2021 to May 2024

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By Allison Prang

 

Micron Technology Inc. said it is selling its Lehi, Utah, facility to Texas Instruments.

The deal -- for $900 million in cash -- is expected to close later in 2021, the company said.

Micron used the facility for 3D XPoint production. The company has stopped developing that technology, saying "there was insufficient market validation to justify the ongoing investments required to commercialize" it at scale.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

June 30, 2021 16:52 ET (20:52 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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