Micron / Inotera deal moves forward

Last December the Micron and Inotera Memories signed an agreement for Micron to acquire the remaining interest in Inotera of Taiwan, and now the two companies have reached a definitive agreement as the acquisition moves forward toward its completion in the middle of this year.

The transaction involves Micron acquiring Inotera’s remaining shares for NTD 30 per share or approximately USD 0.90 USD per share. Micron currently owns approximately 33 percent of Inotera. This represents a transaction value of approximately USD 3.2 billion, net of cash and debt at Inotera, to acquire the remaining equity. The transaction enables Micron to realise the full financial and operational benefit of Inotera’s operations, including an expected average incremental free cash flow of at least USD 600 million per year, and provides a strong future for Inotera and its employees. Micron has been purchasing 100 percent of Inotera’s DRAM output, representing approximately 35 percent of Micron’s total DRAM production. Inotera is expected to be fully deployed on Micron’s 20 nanometer technology by the middle of this year as well.

Yageo Corporation and KEMET Corporation have entered into a definitive agreement under which Yageo will acquire all of the outstanding shares of KEMET’s common stock for USD 27.20 per share in an all-cash transaction valued at USD 1.8 billion.

Supplier of wafer bonding and lithography equipment for the MEMS and semiconductor industry, EV Group (eVG), is partnering with DELO, a manufacturer of industrial high-tech adhesives, in the area of wafer-level optics.

Osram says it has concluded a business combination with Austrian chipmaker ams and is recommending its shareholders to accept the current takeover offer.

AIXTRON SE has provided an AIX G5 WW C system to EpiWorld International Co., Ltd for the further development of next generation silicon carbide (SiC) epitaxial wafers mainly used for the manufacturing of power devices for automotive applications.

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