Micron plans to sell its Memory Fab in Kiryat-Gat, Israel
13 December, 2012
The company had a net loss of $1.03 billion in 2012. The majority of Micron's NOR Flash Memory Chips production will move to its new US-based 300 mm Fab in Virginia
In a brief announcement today, Micron Technology said it plans to sell Fab 12 facility in Kiryat Gat, Israel, formerly Intel’s Fab 18 and Numonyx’ Fab 1 facility. The Fab produce 45 nm and 65 nm NOR Flash memory chips and employs 1,200 staff.
The company admitted that the majority of its NOR production will move to the 300 mm wafer production facility in Virginia, USA. “This will effect the needed capacity of 200 mm production lines. The Semiconductor Industry works in highly competitive and dynamic environment, and needs to maximize the expoit of its resources.”
Micron’s spokesman in Israel said that currently the company seeks to sell Fab-12 to a third side. “If it will not happen, the workforce will be alighned to the production levels at list until 2015.” It is not clear yet what are the plans for the target year of 2015, but it may be understood as a plan to close the facility within 2 years.
Micron Technology, Inc., is one of the world’s leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory.
For the fourth quarter ended August 30, 2012, the company had a net loss of $243 million. For the 2012 fiscal year, the company had a net loss of $1.03 billion.