Integrated Device Technology has a deal to sell its Hillsboro computer chip factory to a Bermuda company for $26 million.
Integrated Device Technology has a deal to sell its Hillsboro computer chip factory to a Bermuda company called Alpha and Omega Semiconductor for $26 million.
IDT said it has a “foundry service agreement” with AOS, which gives AOS the option of buying the facility for $26 million. California-based IDT said it expects to have a firm sale agreement by the end of this year and to close the deal by the end of January.
The fab has been slated for closure since 2009, when IDT announced it would stop making its own computer chips and outsource them to Taiwan Semiconductor Manufacturing Corp. IDT reaffirmed plans to close the facility earlier this year. The 250,000-square-foot facility, which once employed 380 people, has been scaling back as it prepared for closure.
Read more at OregonLive.com.
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