Micron To Acquire Numonyx

Boise, Idaho-headquartered Micron Technology Inc has announced its plans to acquire Switzerland-based Numonyx B.V.

Numonyx is reckoned a leader in the semiconductor industry. The company manufactures and supplies a full complement of integrated NOR, NAND< RAM and phase change non-volatile memory technologies and products that go into cellular, data and embedded markets. Some of its trademarks and brands include Numonyx Axcell Flash Memory, Numonyx Forte Serial Flash Memory, Krypto Security Technologies, and StrataFlash Technology. The company’s manufacturing and R&D facilities are located around the globe, such as in Italy, Malaysia, South Korea, Singapore, China, Philippines, US and Israel. Mr. Brian Harrison is the President and CEO of Numonyx.

The acquisition is the outcome of an agreement between Micron and Numonyx, per which Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel Corporation, STMicroelectronics, N.V. and Francisco Partners. The entire transaction will cost Micron about USD 1.27 billion.

With this acquisition, Micron hopes to position itself as a world-leading memory company, integrating the expertise of Numonyx in its portfolio. Micron will also be able to leverage the tremendous manufacturing capabilities of Numonyx to make inroads into the newly-emerging embedded and mobile markets.

Read more about the latest business acquisition that will shake up the memory technology industry, here.