Micron Technology successfully won the auction for Cando Corporation assets, which will be utilized in establishing a back-end site for Micron Taiwan.
Micron has now completed the title acquisition process for the new site. The acquisition includes the cleanroom and tools that are adjacent to Micron's existing Taichung fab, bringing the company's fabrication and back-end together in one location. The new site will be focused on establishing a centralized back-end operation.
"This marks a significant step in our plan to create a center of excellence for leading-edge DRAM in Taiwan," said Wayne Allan, VP, Global Manufacturing.
The new back-end site is expected to begin production in August, and the new integrated center of excellence is expected to bring greater operational cost efficiency that will benefit Micron's DRAM business on a global scale.
The strategic acquisition, with a winning bid of US$89.2 million, also highlights Micron's goal to grow its presence in Taiwan - where it is the largest foreign employer and investor - from its current wafer manufacturing function. The back-end site will further enhance the company's presence on the island, which already includes 300mm wafer fabrication facilities in Taichung and Taoyuan, as well as sales and technical support offices in Taipei.