LFoundry completes acquisition of Micron’s facility in Italy

Date: 06/05/2013
LFoundry confirmed the signature of the final agreement regarding the acquisition of Avezzano (Italy) manufacturing facility.

Guenther Ernst, CEO at LFoundry commented, “This acquisition provides us with a larger technology portfolio and with competitive 200mm capabilities in order to deliver, from Europe, outstanding foundry services to a wider range of customers in all geographical regions. It will accelerate the development of LFoundry toward a premier analog mixed signal and specialty foundry partner”.