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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Texas Instruments Incorporated | NASDAQ:TXN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 165.70 | 165.15 | 165.70 | 0 | 01:00:00 |
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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