Micron Technology announced today that it has entered into a memorandum of understanding with Toshiba Corporation in which Micron will acquire Toshiba’s commodity DRAM business.
According to Micron, the sale will include the assets of Dominion Semiconductor, L.L.C., a wholly owned subsidiary of Toshiba, including its land, buildings and DRAM production equipment.
Toshiba will terminate its commodity DRAM business, and will gradually phase out production at its Yokkaichi Operations.
The Dominion facility was originally a joint venture project between Toshiba and IBM, which began full-scale wafer production in 1997. In 2000, Toshiba purchased IBM’s ownership interest.
The proposed sale does not include Flash equipment of FlashVision LLC, a joint venture of Toshiba and SanDisk, located at Dominion. It is anticipated that such equipment will be relocated during a transition period.