Micron buys out Japan JV
Gets DRAM plant for $450 million
Micron is to assume full control of its Japanese DRAM plant, after buying out its JV partner Kobe Steel for $450 million ($125 million cash and $325 million assumption of debt).
Following the transaction, Micron will become sole owner of KMT Semiconductor Ltd, a company in which it currently holds a 25 per cent stake.
As of 30 September, KMT had $750 million in assets, with a "carrying value" of $530 million. There are 900 employees.
KMT's plant currently implements Micron's 0.18 micron technology, and is prepping the conversion of its manufacturing process to 0.15 micron. ®